To turn around recession-related increases in repossessions, CUs have beefed up their loan-assessment processes, initiated faster action on collection procedures, and worked diligently to help members avoid repossessions.
The House voted Thursday in favor of an appropriations bill that contains several major victories for credit unions. It does not place NCUA under the appropriations process, and makes significant changes to the CFPB.
The House approved by voice vote Wednesday an amendment removing language placing NCUA under the appropriations process from H.R. 3354, a major victory for CUNA, leagues and credit unions who advocated strongly in support of the amendment.