H.R. 10230
Expands oversight of contractors serving credit unions and housing lenders
Changes how credit union groups and their service providers are regulated and examined, and lets the housing finance director regulate companies hired by housing finance entities.
- Changes the rules for regulating and examining credit union organizations and their service providers
- Lets the housing finance director regulate contractors doing work for housing finance entities
- Those entities must tell the director about a service contract within 30 days
- States keep their own authority over these companies
In committee