WASHINGTON (6/9/15)--Twelve bills aimed at providing regulatory relief to financial institutions will be discussed in a hearing at 2 p.m. (ET) Thursday of the House Committee on Financial Services. The bills include six supported by CUNA, said CUNA Chief Advocacy Officer Ryan Donovan in his weekly “Legislative Update” video.
Several of the bills would reduce credit unions’ regulatory burden or improve the regulatory environment in which credit unions operate, he said. The subcommittee vote will clear the way for a full committee vote on the regulatory relief bills, perhaps by the end of the month, “making them ripe for full House consideration” perhaps in July or at least by summer’s end, Donovan said.
CUNA supports these bills:
The hearing is titled “Examining Legislative Proposals to Preserve Consumer Choice and Financial Independence.”
CUNA also will closely monitor the House Financial Services Committee hearing “The Future of Housing in America: Oversight of the Department of Housing and Urban Development,” set for 10 a.m. (ET) Thursday.
Other bills discussed in the video include: