WASHINGTON (9/29/15)--This week marks the busiest week on Capitol Hill for credit unions since CUNA’s Governmental Affairs Conference, CUNA Chief Advocacy Officer Ryan Donovan said. A number of hearings and a regulatory relief markup are all on CUNA’s radar this week.
These are: H.R. 957, which would create an independent inspector general for the CFPB; H.R. 1090, which would delay the Department of Labor’s proposed fiduciary rule; H.R. 1266, which would create a five-person board to oversee the Consumer Financial Protection Bureau, while removing it from the Federal Reserve System; and H.R. 2769, which would require the National Credit Union Administration to conduct a study of the impact of its risk-based capital proposal.
Other hearings CUNA will be watching include: