CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • CUNA News
    • Policy & Issues
    • CU System
  • Credit Union Magazine
    • Technology
    • Lending
    • Compliance
    • Marketing
    • Management
    • Operations
    • Human Resources
    • Volunteers
  • Advertise
  • Contact
  • Subscribe
  • Buyers' Guide
  • Awards
    • CU Rock Star
    • CU Hero
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Montana’s Kenyon touts support of Senate reg relief bill
Policy & Issues

Montana’s Kenyon touts support of Senate reg relief bill

November 27, 2017

The Senate’s bipartisan regulatory relief bill is a welcome piece of legislation that helps credit unions and other Main Street institutions, Montana’s Credit Unions President/CEO Tracie Kenyon wrote in an op-ed published in several Montana newspapers. Kenyon’s op-ed thanks Sen. Jon Tester (D-Mon.), one of the original co-sponsors of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) for his efforts putting together the bipartisan bill.

“This bill makes thoughtful, constructive, common-sense improvements to a well-intentioned law that is currently having the opposite of its intended effect. In an age of hyperbole, blanket statements and overwhelmingly partisan rhetoric, this bill is a welcome, cooperative and nuanced approach to regulatory reform that will bring real, tangible benefits,” Kenyon wrote. “The Senators that support it, including Sen. Tester, deserve our thanks for their hard work to put Main Street first.”

S. 2155 contains several regulatory relief provisions that would help credit unions, including a credit union-specific provision that would grant credit unions parity with banks when making loans for the purchase of one-to-four unit, non-owner occupied residential property loans. Such loans are designated real estate loans for banks, but business loans for credit unions.

“Through modest changes to the Dodd-Frank Act, credit unions and consumers will see barriers removed, barriers that keep more affordable mortgages off the market and small business capital diverted to pay compliance costs,” Kenyon wrote.

Kenyon’s op-ed appeared in the Helena Independent Record, Billings Gazette, Havre Daily News and the Belgrade News.

CUNA wrote in support of S. 2155 last week, and has launched a nationwide grassroots effort to build support. The Senate Banking Committee is expected to mark up S. 2155 next week.

The property loan provision, as well as others in the bill, are among the goals of CUNA's bipartisan, pro-consumer Campaign for Common-Sense Regulation. 

  • Related Articles

    Minn. CU CEO touts bipartisan Senate reg relief bill

    Bipartisan reg relief bill gets support in Mont., Minn.

    Nussle calls for continued support for Senate reg relief bill

This Month Payments: Perils and Promise

Payments: Perils and Promise

The payments arena offers new opportunities to connect with members.
Cards Are (Still) King

Cards Are (Still) King

Credit and debit cards still drive the competitive payments market.
Open Banking on its Way

Open Banking on its Way

Prepare for the impact it will have on member relationships and competitive positioning.
App Digital Edition Subscribe

Trending

  • Compliance: CUNA offers webinar series on Regulation Z

  • Senate OKs CUNA-backed disapproval of CFPB lending bulletin

  • CUNA backs Senate use of CRA for CFPB lending bulletin

Tweets from @CUmagazine and @CUNA_News

Polls

How often do you talk to the board about compensation?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors