Reg relief bill S. 2155 passes House; monumental win for credit unions – CUInsight
Today the House voted (258-159) 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 Protection Act passed the Senate in March and will go to President Trump’s office for signature in the coming days.
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WASHINGTON – The Independent Community Bankers of America called on the House Monday to "immediately pass" the Senate’s bipartisan regulatory relief package rather than delay reforms with further debate and legislative maneuvering. The group made its plea in a petition signed by over 10,000 community bank employees.
Last night, the Senate voted 67-31 to pass Chairman Mike Crapo’s (R-Idaho) Economic Growth, Regulatory Relief, and Consumer Protection Act to reform the regulatory environment created under Dodd-Frank that has hindered small business’s access to capital and consumers access to mortgage products while exempting community banks and credit unions from overregulation.
· 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.
S. 2155 passes Senate; Major win for credit unions. WASHINGTON, DC (March 14, 2018) – Today the Senate passed S. 2155, a CUNA-supported relief bill that will improve the current operating environment for credit unions and community banks nationwide. The Economic Growth, Regulatory Relief and Consumer Protection Act is a victory for consumers served by credit unions and aligns with the core.
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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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The House voted Tuesday to pass the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), a bipartisan regulatory relief bill that will provide much needed regulatory relief for credit unions. Having passed the Senate in March, the bill now goes to President Donald Trump for his signature, which is expected in the coming days.
Senate Reg-Relief Package Includes Important Credit Reporting Provisions January 11, 2018 by Tony Hadley The U.S. Senate Banking Committee passed a financial regulatory relief bill ( S. 2155 ) in December 2017 aimed at reducing regulatory burdens on community banks, credit unions and smaller regional banks.