House Financial Services Committee Drafts Legislation to Increase Credit Union and Bank Oversight Following Bank Failures

House Financial Services Committee Drafts Legislation to Increase Credit Union and Bank Oversight Following Bank Failures

Following the collapse of three major banks, the House Financial Services Committee has announced legislation which would require financial regulators such as the NCUA to provide semi-annual reports, detailing credit unions that underperformed on examinations, reports Emily Claus.

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