Legislation/Politics

May 9, 2008
House Passes Mortgage-Relief Measures; Bush Threatens Veto
By Claude Marx
WASHINGTON — Defying presidential veto threats, the House on Thursday approved two bills designed to provide relief for those individuals and communities impacted by the mortgage foreclosure crisis.
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May 7, 2008
NY League Lobbies For State and Local Government Deposits
By Claude Marx
ALBANY, N.Y. — State and local governments should have the option to deposit their money in credit unions, lobbyists and credit union officials told lawmakers this week.
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May 7, 2008
CURRA Fate Uncertain After House Setback
CURRA: Vote Canceled After Big-Time Bank Lobbying Effort
By Claude Marx
WASHINGTON — Credit unions and their congressional allies are trying to determine their next move after House leaders canceled last week’s scheduled vote on the Credit Union Regulatory Relief ...
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May 5, 2008
Newspaper Says Credit Union Lobbyists Are Among the Most Powerful
By Claude Marx
WASHINGTON — Lobbyists for credit unions have strong muscles that they regularly flex successfully during legislative battles, according to a leading political newspaper.
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May 2, 2008
House Panel Passes Housing Relief Measure
By Claude Marx
WASHINGTON – A key House panel; on Thursday passed a measure to create an insurance fund that guarantees up to $300 billion in refinanced mortgages.
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May 1, 2008
Lieberman Introduces CURIA in Senate
By Claude Marx
WASHINGTON – While efforts to provide regulatory relief for credit unions are stalled in the House, supporters received good news from the Senate on Thursday when Sen. Joseph Lieberman (I-Ct. ...
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May 1, 2008
Hawthorne CU Exec Urges Congress to Help CUs Lend More
By Claude Marx
WASHINGTON — Credit unions could do more to help small businesses attain much-needed capital if Congress let them lend more money, Hawthorne Credit Union President Carl Sorgatz told a House ...
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May 1, 2008
California Senate Passes Foreclosure-Relief Bill
By Carol Anne Burger
SACRAMENTO, Calif. – The California State Senate passed a foreclosure relief bill on April 28 (Senate Bill 1137) that backers say has the potential of preventing more than one million troubled ...
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May 1, 2008
Bank-CU Lobbying Face-Off Preceded Decision to Pull CURRA
By Claude Marx
WASHINGTON – This week’s decision by House leaders to postpone consideration of the Credit Union Regulatory Relief Act came after banks and credit union waged all-out lobbying campaigns.
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April 30, 2008
Iowa Economic Stimulus Bill Furthers Iowa CUs’ Service to Underserved
By Myriam DiGiovanni
DES MOINES, Iowa — Governor Culver has signed into law Senate File 2430, commonly known as the “Economic Stimulus Bill."
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April 29, 2008
CURRA Pulled After Last-Minute Maneuverings
By Claude Marx
WASHINGTON — In light of protests from the banking lobby and concerns that it might not pass, the House leadership has postponed today’s scheduled vote on the Credit Union Regulatory Relief Act.
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April 29, 2008
Schumer Schedules Hearings on Bankruptcy Foreclosure Process
By Carol Anne Burger
WASHINGTON– Senator Charles E. Schumer (D-N.Y.) announced that he’ll conduct a hearing next week to look into whether mortgage lenders are taking unfair advantage of borrowers in foreclosure ...
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April 28, 2008
CUs Pull Out All Stops before Tuesday’s CURRA Vote
By Claude Marx
WASHINGTON — With a massive phone and e-mail campaign and a use of the new media, credit unions and their advocates are trying hard to win passage of the Credit Union Regulatory Relief Act ...
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April 28, 2008
On-Site Coverage: Kansas Lawmaker 'Friends' Win KCUA Cheers
By Jim Rubenstein
WICHITA, Kan. — Expected but still comforting, Kansas credit unions over the weekend heard directly from some of their most loyal lawmakers who came to their defense in the just concluded ...
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April 25, 2008
Rep. Akin Becomes 149th Co-sponsor of CURIA
By Claude Marx
WASHINGTON — The ranks of supporters of the Credit Union Regulatory Improvements Act grew Thursday when Rep. Todd Akin (R-Mo.) became the measure’s 149th co-sponsor.
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