WASHINGTON (3/26/15, UPDATED 11:11 a.m. ET)--Nine regulatory relief bills supported by CUNA were approved by the House Financial Services Committee this morning after a two-day markup of a series of bills.
"These bills are a step in the right direction toward removing barriers and allowing credit unions to efficiently serve their members," said CUNA President/CEO Jim Nussle.
"I look forward to seeing these pieces of legislation that reduce regulatory burden come the House floor for a vote. When credit unions boards and managers--not government bureaucrats--are making decisions about how to provide services, it's the 102 million member-owners of the credit union who benefit."
The bills that passed the committee today include:
The next step in the House for these bills would be a vote on the House floor.
For more detail on each bill, use the resource link to the News Now story.