Tipton-Barr Bill Would Provide Reg Relief to Smaller Institutions
A House bill sponsored by Scott Tipton (R-CO) and Andy Barr (R-KY) would provide regulatory relief to smaller credit unions and community banks by requiring regulators to tailor their rulemaking to fit the institutions’ business models and risk profiles rather than using the one-size fits-all approach. The bill would also require the NCUA to testify annually before the House Financial Services and Senate Banking Committees on specific actions it has taken to tailor its rulemaking process. [6/29/15]
