NAFCU welcomes House commmttee mark-up, urges credit union relief

first_imgNAFCU Vice President of Legislative Affairs Brad Thaler thanked the leaders of the House Financial Services Committee for scheduling today’s mark-up of several regulatory relief measures and urged lawmakers’ continued support of the NAFCU-backed bills.Thaler wrote Committee Chairman Jeb Hensarling, R-Texas, and Ranking Member Maxine Waters, D-Calif., in support of several measures, including:H.R. 3192, the “Homebuyers Assistance Act,” which would provide temporary safe harbor from the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure rule;H.R. 1941, the “Financial Institutions Examination Fairness and Reform Act,” aimed at improving the examination of depository institutions;H.R. 1210, the “Portfolio Lending and Mortgage Access Act,” to provide a safe harbor from certain qualified mortgage requirements for residential mortgage loans held on a mortgage originator’s portfolio; andH.R. 766, the “Financial Institutions Customer Protections Act,” which would require federal regulators to provide a material reason for ordering financial institutions to terminate account relationships through the Justice Department’s “Operation Choke Point” initiative. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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