While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.
Saying that credit unions and small banks “had very little, really nothing to do with causing the financial crisis,” Consumer Financial Protection Bureau Director Richard Cordray renewed his commitment to ensure that they don’t face unnecessary additional regulatory burdens.
Of the 12.8 million people unemployed in January, 5.5 million had been without jobs for 27 weeks or more, the Labor Department said.
Moved from Dec. 13 to Dec. 6; no reason given.
So far 130 members of the House and Senate representing both parties and a range of ideological views have agreed be honorary chairs of the Credit Union Cherry Blossom Run.
CUNA, NAFCU spread donations across parties, chambers.
CUNA letter cites survey showing that 60% of small businesses cite lack of credit as a serious problem; NAFCU says 12.25% cap hinders local lenders.
Rep. Mel Watt assails NCUA executive director during House hearing on exam measure, says agency "way beyond" its authority.
Agency executive director tells House panel that bill would raise NCUSIF tab, add regulation and not give any assurance of added benefit.
The NCUA’s decisions aren’t reviewed by third parties and credit unions don’t receive consistent messages, trades testify to Congress.