The House Appropriations Committee passed its financial services and general government (FSGG) bill by a 30-17 vote Thursday, a bill that contains a number of CUNA-backed regulatory relief provisions.
CUNA wrote to the committee prior to the markup, praising the bill’s language that would bring regulatory relief to credit unions.
CUNA-sought items in the bill include:
The committee report also contains a number of other items of interest to credit unions, including CUNA-supported language that would call for the Federal Communications Commission (FCC)to revisit its Telephone Consumer Protection Act (TCPA) order, and address technical questions that may be impossible for financial institutions to resolve.
This includes clarifying whether an exemption for financial institutions to contact consumers with additional information can actually be used, and urging the FCC to provide more flexibility to the requirements.
CUNA raised these points in a November letter sent to the House Energy and Commerce subcommittee on communications and technology.
Other highlights of the committee report include: