Pols and Gavel Passing: Photo Coverage of GAC Day 2

Outgoing CUNA Chairman Mike Mercer, president/CEO of Georgia Credit Union Affiliates, passes the gavel to incoming Chairman Pat Wesenberg, president/CEO of the $194 million Central City CU of Marshfield, Wis.

Texas Credit Union League President/CEO Dick Ensweiler welcomes House Financial Services Chairman Jeb Hensarling (R-Texas) to the GAC stage Tesday morning.

Also from 2013 GAC:

Feb. 26, 2013 NCUF Gets $135,000 Gift From CUNA Mutual
Feb. 26, 2013 Bachus Says Congress May Revisit Durbin, Dodd-Frank
Feb. 26, 2013 Hensarling Stands by Tax Exemption
Feb. 26, 2013 Day 1 Slide Show: Brokaw, Chatzky and Award Winners
Feb. 26, 2013 Kids Add Zing to Wegner Award Winners
Feb. 25, 2013 Tom Brokaw Promotes Public Service Academies
Feb. 25, 2013 Chip Filson Announces NCUA Board Bid, Petition Drive
Feb. 25, 2013 Matz Praises Agency’s Ability to Change With Times
Feb. 25, 2013 CUNA Mutual Debuts AskAuto App at GAC
Feb. 25, 2013 CUNA Survey Shows Room for Exam Improvement
On Video: Shell Geismar CEO Has Tech Tools on His GAC Agenda
On Video: Arizona State SVP Has Washington on His Mind
On Video: Flying Freeborn to DC for GAC
On Video: Halleck and Hiking the Hill
On Video: Muniz’s Message to Washington
Not for CEOs: Successful Succession Topic of GAC Talk

Rep. Jeb Hensarling (R-Texas), chairman of the House Financial Services Committee, said he opposes eliminating the credit union tax exemption.

Rep. Debbie Wasserman Schultz (D-Fla.) recommended credit unions take a balanced message to Capitol Hill when speaking about the Consumer Financial Protection Bureau, advocating for reform but not total elimination of the bureau.

Rep. Blaine Luetkemeyer (R-Mo.), the primary sponsor of legislation that would eliminate the annual privacy notice mailing requirement, said attempts to pass the bill last year revealed the bill’s problems and pitfalls, and “now we know what we need to do this year to pass it.”

House Financial Services Chairman Emeritus Spencer Bachus (R-Ala.) said the House may “revisit” the Durbin Amendment, which limits debit card interchange revenue for financial institutions.

Rep. Gregory Meeks (D-N.Y.) said the Republican strategy of “starving the beast” spending cuts is not a solution to the national debt problem, but instead exacerbates it.

Rep. Kevin McCarthy (R-Calif. ) addresses the Tuesday session. He has served on the House Financial Services Committee since 2007, addresses the crowd.