Reg relief bill S. 2155 passes House; monumental win for credit unions – CUInsight

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Senate Panel Passes Reg Relief Bill. "We appreciate Sen. Shelby’s efforts on behalf of state credit unions, and look forward to working with him as this bill moves through the Senate.

A day after the Senate passed regulatory relief, top House Republicans vowed to have a big say in the final version before the bill heads to the White House. That raised fresh questions about how quickly the Dodd-Frank reforms will become law.

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Senate Passes Reg Overhaul Bill, With Support From CU Trades The passage now sets up a possible showdown with the House and uncertain future.

On Dec. 5, the Senate Banking Committee will mark up a regulatory reform bill that includes several NAFCU-backed provisions, including one to exempt certain loans from the credit union member business lending (mbl) cap and another to provide relief from certain Home Mortgage Disclosure Act (HMDA) disclosure requirements.

Washington, DC (May 22, 2018) – Today the House voted to pass S. 2155, a relief bill supported by Credit Union National Association (CUNA) that will improve the current operating environment for credit unions and community banks nationwide. The Economic Growth, Regulatory Relief and Consumer.

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Reg Relief at Last: House Passes S. 2155. May 23 – Yesterday, the House of Representatives voted 258 to 159 to pass S. 2155, and there are reports that President Trump could sign the bill as early as next week.. "The Main Street banks and credit unions that people depend on, they’ve.

The Senate is racing toward a final vote on S.2155, which includes several items that address the mortgage industry’s calls for regulatory relief, as well as other calls for relief from post-crisis Dodd-Frank Act restrictions in adjacent financial-services businesses, like credit scoring.

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Cuomo’s environmental commissioner, Joe Martens, also noted that given the proposed restrictions already under consideration that the activity would not likely be a major economic boost to the economy.