Committee Approves Posey Legislation to Put the Brakes on New Credit Union Regulations
A bipartisan measure introduced by U.S. Representatives Stephen Fincher (R-TN), Bill Posey (R-FL) and Denny Heck (D-WA) to require additional study of newly proposed regulations for credit unions was approved by the House Financial Services Committee today. In June, the National Credit Union Administration (NCUA) proposed regulations for capital risk standards for credit unions that…