WASHINGTON—The House Financial Services Committee will markup regulatory relief legislation this week.
Though there are conflicting reports as to the date, it will happen this week. The committee will announce it publicly later today.
"We continue our efforts to try at a minimum to have incorporated in the reg relief bill PCA reform provisions," CUNA Vice President and Senior Legislative Counsel Gary Kohn said. "We haven’t given up on member business loans either though that is more of a long shot than PCA is, which is a long-shot in and of itself."
The House Financial Services Committee leadership has expressed a strong desire to keep the bill "clean," which could significantly impede credit unions’ success in getting PCA reform adopted