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.
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