This week: NAFCU, CUs keep up grassroots push on reg relief; FOMC meets

With both the House and Senate back in their home states for a district work week, NAFCU encourages member credit unions to contact their representatives and keep up the pressure for meaningful regulatory relief as Congress works on various bills that would impact credit unions. The Federal Open Market Committee (FOMC) also begins a two-day meeting tomorrow.

The association is closely engaged with lawmakers on many pieces of legislation, including the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), which includes various credit union regulatory relief measures related to member business lending (MBL) and the Home Mortgage Disclosure Act (HMDA). The bill has passed the Senate and awaits action in the House. House Financial Services Committee Chairman Jeb Hensarling, R-Texas, had been working to try to include additional relief provisions in the bill before being passed in the House, but said last week that he is willing to continue discussion on other proposals through separate legislation.

Other legislation NAFCU is monitoring:

 

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