Bill Introduced to Provide Regulatory Relief for CUs
Among the bills 5 points are provisions that would allow NCUA to grant federal credit unions a waiver to follow a state rule instead of a federal one; authorize NCUA to step in to modify a CFPB rule affecting credit unions; and require that NCUA and CFPB revisit cost/benefit analyses of rules after three years so they have a true sense of the compliance costs for credit unions. [7/1]