Regulatory & Compliance

The Credit Union Regulatory Improvements Act (H.R. 1537) has continued to gain legislative co-sponsors at warp speed in its first few months in the 110th Congress, which NAFCU says is a credit to credit union officials pounding the pavement.

One Democrat and one Republican lawmaker signed back on to co-sponsor CURIA bringing the total to 118.

One Democrat and one Republican lawmaker signed back on to co-sponsor CURIA bringing the total to 118.

House Financial Services Committee Ranking Member Spencer Bachus (R-Ala.) and other leading Republicans on the committee announced the introduction of a bill today aimed to curb unscrupulous lending practices.

Co-sponsorship of the Credit Union Regulatory Improvements Act (H.R. 1537) is racing toward the 125 the legislation topped out at last Congress.

USA Federal Credit Union President/CEO Mary Cunningham told the House Subcommittee on Financial Institutions and Consumer Credit today that credit unions' are already operating within the spirit of Carolyn Maloney's (D-N.Y.) overdraft legislation.