Former House Speaker lumps credit unions with government-sponsored enterprises in Tampa debate.
Panel chair says CFPB director's recess appointment "runs counter to the constitutional requirements for a recess appointment."
The financial institution must disclose fees, exchange rates and the amount of money that the recipient will receive.
The Small Business Administration would no longer be a separate entity and its functions would be incorporated into an agency that combines the functions of six agencies that deal with trade and business matters, according to a proposal made by President Obama.
How quickly he forgot. Newt Gingrich was once crucial to helping credit unions pass a major bill on Capitol Hill. But during a recent GOP presidential debate, he seemed confused about what credit unions are all about.
CAMELs aren’t usually a source of controversy in a place known for basketball and tobacco. At issue is the NCUA’s fight with state regulators over the release of the CAMEL rating of State Employees Credit Union.
EVP Berger tells lawmakers that exam consistency "is a key component to providing results accurately reflecting safety and soundness."
Independent Community Bankers of America also vow to fight raising of member business lending cap.
Even if the Republicans keep control of the House next year, the House Financial Services Committee is likely to have a new chairman.
First meeting of 2012 set for next week, includes issues of considerable importance to credit unions.