Search Results: keywords:"credit unions"

  • H. R. 6777 — To prohibit covered entities from requiring consumers to solely use digital monthly statements, and for other purposes.
    Status:Introduced in House
    Words:278

    H.R. 6777, referred to as the "Protecting Against Paperless and Electronic Requirements Act" or the "PAPER Act," aims to ensure that consumers have the choice to receive paper copies of their monthly statements instead of being forced to accept only digital versions. The bill...

    Simple Explanation

    The PAPER Act is a bill that wants to let people choose whether they get their bank or credit union statements printed on paper or just sent online. This means banks and credit unions can't make you go digital if you still want paper statements.

  • H. R. 7121 — To place post-employment restrictions on certain former employees of insured depository institutions, insured credit unions, and certain agencies, and for other purposes.
    Status:Introduced in House
    Words:1,942

    The “Financial Regulators Revolving Door Enforcement Act,” H.R. 7121 aims to prevent potential conflicts of interest when former employees of federal financial regulatory bodies, insured banks, and credit unions move to the private sector. It introduces a 2-year restriction...

    Simple Explanation

    The Financial Regulators Revolving Door Enforcement Act is a rule that says important people who used to work for certain banks and credit unions can't work for those same businesses right away when they leave. They have to wait two years before they can work for or help those businesses influence their old employers.