WASHINGTON–The House Financial Services Committee will begin mark-up on approximately two-dozen bills today, with credit unions’ attention on eight of the pieces of legislation.
CUNA’s Chief Advocacy Officer, Ryan Donovan, said the group will be paying particular attention to:
- HR 1115, the Tailor Act, which directs financial regulators to tailor regulations to the risk profiles of the institutions
- HR 2396, the Privacy Notification Technical Clarification Act, which offers a technical fix to the Privacy Act passed two years ago
- HR 2706, the Financial Institution Customer Protection Act, which seeks to prevent presidential administration from imposing programs similar to Operation Chokepoint
- HR 2954, Home Mortgage Disclosure Adjustment Act, which increases compliance thresholds under HMDA
- HR 3072, the Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 20178, which raises the threshold for CFPB compliance to $50 billion in assets from $10 billion
- HR 3758, the Senior Safe Act of 2017, which creates a safe harbor for credit union employees who report suspected elder abuse
- HR 3857, the Protecting Advice for Small Savers Act of 2017, which addresses fiduciaries
- HR 3871, the Community Institution Mortgage Relief Act of 2017, which makes changes to RESPA to reduce burdens