Bill Posey

Rep. Posey introduces bill to repeal NCUA risk-based capital rule

By Dave Kovaleski  |  December 15, 2017

U.S. Rep. Bill Posey (R-FL) introduced Wednesday legislation to repeal the National Credit Union Administration’s (NCUA) final risk-based capital rule. The final rule, which is set to take effect Jan. 1, 2019, would establish a new risk based capital (RBC) ratio for credit unions with over $100 million in assets. Specifically, it changes the definition of “complex credit union,” for the purposes of capital requirements, to include credit unions greater than $100 million in assets. Furth...

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Bill to rollback escrow regulations on community banks advances House

By Dave Kovaleski |
December 14, 2017

A measure to rollback escrow regulations on community banks advanced the House this week. The Community Institution M...Read More »

Lawmakers urge tax reform bill’s death tax repeal

By Douglas Clark |
December 13, 2017

A group of 54 Republican legislators recently forwarded correspondence to the party’s leadership urging support for re...Read More »

Lawmakers urge House, Senate leaders not to repeal graduate tuition waivers

By Dave Kovaleski |
December 12, 2017

Thirty members of Congress are urging House and Senate leaders to maintain the income exclusion for graduation tuition w...Read More »

House passes bill that eases rules for small business owners

By Dave Kovaleski |
December 11, 2017

The U.S. House passed a bill last week to simplify regulations for small business owners who want to sell or merge their...Read More »

Reps. Larson, Johnson introduce bill to improve SSA’s representative payee program

By Dave Kovaleski |
December 8, 2017

A bill to make the Social Security Administration’s (SSA) representative payee program stronger was introduced by Reps...Read More »

AIA initiative targets consumer protection, regulatory hurdles

By Douglas Clark |
December 7, 2017

The American Insurance Association (AIA) has unveiled new legislation combining innovation and consumer protection while...Read More »

Rep. Foxx introduces bill to reform Higher Education Act

By Dave Kovaleski |
December 6, 2017

Rep. Virginia Foxx (R-NC) introduced a bill to reauthorize and reform the Higher Education Act. The Promoting Real Op...Read More »

House lawmakers seek to repeal CFPB’s rule safeguard payday loans

By Dave Kovaleski |
December 5, 2017

A bipartisan group in Congress sponsored a bill to repeal the Consumer Financial Protection Bureau’s (CFPB) rule that ...Read More »

Bill to increase salary level for overtime eligibility introduced in Congress

By Dave Kovaleski |
December 4, 2017

Legislation introduced in Congress last week would make overtime pay available to more people. The bill -- the Resto...Read More »

Financial Services Roundtable urges CFPB to withdraw guidance on mortgage data collection

By Dave Kovaleski |
December 1, 2017

The Financial Services Roundtable (FSR), along with other financial industry trade associations, is urging the Consumer ...Read More »

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