Rep. Gary Miller (R-Calif.), vice chairman of the House Financial Services Committee, said Wednesday he will introduce legislation to provide regulatory relief to credit unions.
Miller made the announcement during his opening remarks for a hearing on credit union regulatory burden.
In a release, NAFCU said the legislation is expected to include measures to implement a risk-based capital system for credit unions and give the NCUA flexibility in critical areas, such as the ability to grant parity to a federal credit union on a broader state rule.
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