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Rep. Gary Miller (R-Calif.), vice chairman of the House Financial Services Committee, scolded credit unions for not doing enough of their own lobbying, and leaving it only to their trade associations. He also reviewed the positive and negatives of government- sponsored entities in the secondary mortgage market.

On June 28, Miller introduced H.R. 2572, The Regulatory Relief for Credit Unions Act, which would establish a risk-based capital system for credit unions, authorize the NCUA to delay or modify CFPB regulations and provide additional regulatory relief measures.

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