Exempting 77% of credit unions from a rule creates a two-tiered regulatory system.
Top members of Congress visited Credit Union House in 2013
This year’s NAFCU Congressional Caucus provided intimate, and at times revealing, speeches from lawmakers.
Legislative machinations over housing finance, expressions of credit union support and some personal touches marked NAFCU's caucus on Tuesday.
NAFCU session on Tuesday features back-and-forth as well as speeches.
Several key lawmakers join roster rostrum for Congressional Caucus that kicks off Sunday.
Two senators, two House members and Ginnie Mae executive added to September confab speaker list.
Douglas Fecher, president/CEO of the $2.45 billion Wright-Patt Credit Union told lawmakers last week to direct the Consumer Financial Protection Bureau to limit regulatory burden by using existing tools, such as the power to exempt credit unions from its rulemaking.
Nearly five years after the housing bubble burst and the financial system collapsed, politicians are still clamoring for new ways to free up capital and spark growth across the country. The most recent effort, put forth by Sen. Mark Udall, proposes to increase the lending limit of credit unions from...