After Obama Re-Election, Trades Focused on Lame Duck Session
While President Obama won a resounding victory in his re-election quest, credit union trade groups celebrated their successes in the congressional races and turned their attention to the Congress’s lame duck session.
Democrats not only retained control of the Senate, they picked up three seats. In the House, Republican retained their majority but lost eight seats.
Dan Egan, president of the Massachusetts Credit Union League, said Warren was extremely gracious in mentioning credit union support and said the league is looking forward to the opportunity to work with her. The league endorsed Warren, drawing criticism from some in the industry thanks to her association with the CFPB.
Former Representative Dan Maffei (D-N.Y.), a known credit union supporter who was vocal in his advocacy of small institutions during the debate of the Dodd-Frank Act, will return to Congress, having defeated the woman who knocked him out of office in 2010, Rep. Ann Marie Buerkle (R-N.Y.).