Omnibus Spending Agreement Includes CU-Backed Provisions
The omnibus spending agreement passed by lawmakers on Tuesday includes several credit union backed bills in addition to a provision to encourage the sharing of cybersecurity information. The agreement would, among other things, require NCUA to report to Congress on the impact the final RBC rule will have on mortgage servicing assets and on credit unions’ ability to compete. The agreement is expected to pass Congress next week and then head to the President’s desk for his signature. [12/17/15]
