U.S. Rep. Steve Stivers (R-OH) introduced a bill that provides regulatory relief for mortgage loan originators in an effort to create a smooth employment transition for those who move between bank and non-bank entities. Read more

This week, Congressman Steve Stivers (R-OH) reintroduced the SAFE Transitional License Act. This bill changes the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) by providing regulatory relief for loan originators in an effort to make a smooth employment transition between bank and non-bank entities. Representatives Joyce Beatty (D-OH), Kyrsten Sinema (D-AZ) and Bruce Poliquin (R-ME) joined as cosponsors of this bipartisan legislation. Read more

Today, the Financial Services Committee started the mark-up process for the Financial CHOICE Act, an important step in the effort to bring choices and opportunity to the American people. The regulations that resulted from the Dodd-Frank Act in the wake of the financial crisis have caused more harm than good for consumers, sometimes even preventing some from getting loans for cars or homes, while failing to guard against future crisis. Read more

"The regulations stemming from Dodd-Frank have caused great harm to consumers – including preventing some Americans from getting loans to buy a car or house – while doing little to protect us from future crisis," Stivers said. "The Financial CHOICE Act will reduce regulations and encourage economic growth and opportunity. I am proud to support this legislation." Read more

$1,407,200,000,000. That is the current total of student loan debt in this nation. Trillions of dollars are weighing down on over 70 percent of college students and graduates. Over 15 percent of those have either defaulted or have been delinquent in repaying their loans. Seven out of 10 college students admit that their personal finances cause stress or worry. Read more

This week, U.S. Congressman Steve Stivers (OH-15) and U.S. Congresswoman Joyce Beatty (OH-03) were named co-chairs of the Congressional Financial and Economic Literacy Caucus for the 115th Congress. Read more

"I am excited to begin the new Congress and work with my colleagues on both sides of the aisle to pass policies that will make America stronger and more prosperous. Read more

“The one-size-fits-all approach to financial regulation under the Dodd Frank Act has choked off access to capital and made financial services more expensive, thereby hurting the small businesses and families it purported to protect. Read more

The U.S. House passed the Financial Services and General Government (FSGG) Appropriations Act for Fiscal Year 2017 (H.R. 5485) late Thursday night with a 239-185 vote. The future of the bill, which contains a number of CUNA-supported regulatory relief provisions, is unclear. Read more

A bill now moving through the Senate is being hailed as a triumph for small business. The legislation, if approved, would make it easier for loan officers leaving a big bank to take a job with a small independent lender or start a brokerage. Read more