ICBA Backs Exam Relief, Opposes Credit Union Bill Ahead of Markup

Dec 12, 2017

ICBA expressed support for legislation scheduled to be marked up today that would improve the exam environment by creating a workable appeals process.

Introduced by Reps. Scott Tipton (R-Colo.) and Carolyn Maloney (D-N.Y.), the Financial Institutions Examination Fairness and Reform Act (H.R. 4545) would create an Office of Independent Examination Review and give financial institutions a right to an expedited review of material supervisory determinations.

In a letter to the House Financial Services Committee ahead of today’s markup, ICBA also said it opposes legislation that would repeal the National Credit Union Administration’s risk-based capital rule for credit unions.

ICBA said Rep. Bill Posey’s (R-Fla.) Common Sense Credit Union Capital Relief Act (H.R. 4464) runs counter to ICBA’s push for comparable regulatory capital requirements for community banks and tax-exempt credit unions.

Read ICBA Letter ›