The package of bills aimed at restructuring the way the government regulates financial services represents a big step in the right direction, two members of the House Financial Services Committee said today at a breakfast co-sponsored by CUNA.

Reps. Brad Miller (D-N.C.) and Ed Perlmutter (D-Colo.) said that when the House considers the bills next week there will probably be a lot of amendments-including one that will help credit unions-but the essence of the bills will stay the same

Miller said the amendment to exempt credit unions with $10 billion or less in assets from being directly examined by the proposed Consumer Financial Protection Agency represents a good compromise.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Regulatory & Compliance