Looking for clarity with regulations and guidelines (Image: Shutterstock).
A key House Republican is requesting financial regulators, including the NCUA, to codify their policies stating the difference between agency guidance and formal rules.
In letter to the regulators, Rep. Blaine Luetkemeyer (R-Mo.), ranking Republican on the House Consumer Protection and Financial Institutions Subcommittee, said that a joint statement issued by the regulators last year did not go far enough.
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