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Bills of Interest to CUs Will Be Heard This Week in Washington
Tuesday, February 13, 2018 6:45 AM

Tomorrow, the House Financial Services subcommittee on financial institutions and consumer credit will hear testimony for “Examining the Current Data Security and Breach Notification Regulatory Regime.” Interested persons can watch the hearings live at financialservices.house.gov.

Also scheduled for House floor consideration this week are:

  • The ADA Education and Reform Act (H.R. 620), which CUNA and Cornerstone believe is an important step forward in addressing threats facing credit unions over uncertainty with how the Americans with Disabilities Act (ADA) applies to websites;
     
  • The TRID Improvement Act of 2017 (H.R. 3978), which would amend the Real Estate Settlement Procedures Act to require the Consumer Financial Protection Bureau to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers; and
     
  • The Protection Consumers’ Access to Credit Act (H.R. 3299), which would amend the Federal Credit Union Act, among others, to state loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.