Credit union regulatory relief in the mix for Tuesday mark-up
NAFCU lobbyists will be on hand Tuesday as the House Financial Services Committee commences mark-up of about a dozen financial industry regulatory relief bills, at least four of which offer specific relief for credit unions.
The full committee begins its mark-up at 2 p.m. Eastern tomorrow. In particular, NAFCU lobbyists will focus on the following:
- H.R. 3192, the “Homebuyers Assistance Act,” which would provide temporary safe harbor from the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure rule;
- H.R. 1941, the “Financial Institutions Examination Fairness and Reform Act,” aimed at improving the examination of depository institutions;
- H.R. 1210, the “Portfolio Lending and Mortgage Access Act,” to provide a safe harbor from certain qualified mortgage requirements for residential mortgage loans held on a mortgage originator’s portfolio; and