The House passed three regulatory relief bills affecting credit unions early Tuesday evening.
The Credit Union Share Insurance Fund Parity Act (H.R. 3468), the CFPB Rural Designation Petition and Correction Act (H.R. 2672, and the Capital Access for Small Community Financial Institutions Act (H.R. 3584) each cleared the House.
"Part of the mission of credit unions, from their very beginning, has been to reach out to the community around them, especially the underserved. Maintaining a strong commitment to the IOLTA community and removing a barrier to greater participation sustains that mission," Rep. Ed Royce (R-Calif.) said, referencing H.R. 3468.
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