WASHINGTON (5/23/14)--Three credit union relief bills were passed by the House Financial Services Committee Thursday, part of a markup session continued from May 7.
The bills are:
The Credit Union National Association sent letters of support for all three bills.
"These bills are small but important steps towards addressing the crisis of creeping complexity with respect to regulatory burden," said Ryan Donovan, CUNA's senior vice president of legislative affairs, told Housing Wire Thursday. "Credit unions appreciate the work of the sponsors and we look forward to seeing these bills come up for a vote on the House floor as soon as possible."