Regulatory Relief Legislation Introduced in U.S. House 

Last week, U.S. Rep. Blaine Luetkemeyer, R-Mo., introduced the Community Lending Enhancement and Regulatory Relief Act (CLEAR Relief Act, H.R. 1750), which provides regulatory relief for community-based financial institutions including both credit unions and banks. The legislation, among other things, would provide regulatory relief in the following areas:

While this legislation would not cover all regulatory issues facing community lenders, it is a good start. The MCUL and CUNA support H.R. 1750 and ask that you encourage your U.S. representative to cosponsor this legislation.

Submissions to Monitor may be emailed. Bryan Laviolette is the editor of Monitor. Contact him by email or call (800) 262-6285, ext. 233. The newsletter of the Michigan Credit Union League is published Monday mornings or Tuesday mornings when Monday is a holiday. There is no Monitor the week after Christmas and the week after the Annual Convention and Exposition. The MCUL reserves the right to edit submissions for clarity and space.
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