While President Obama won a resounding victory in his re-election quest, credit union trade groups celebrated their successes in the congressional races and turned their attention to the Congress’s lame duck session.
Three Democrats, one Republican win nod from the Credit Union Association of New York.
House Republicans used a July 14 hearing to accuse those setting up the new Consumer Financial Protection Bureau of not disclosing enough information and for not spelling out what financial products it plans to target for increased scrutiny.
Testy exchanges focus on potential compliance costs and financial products targeted for increased scrutiny.
Group urges first-term GOP Rep. Ann Marie Buerkle to support interchange cap delay.