Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.
Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
Lawmakers stuck between rock and hard place as lending cap bill languishes. This from the May 9 print edition of Credit Union Times.
Senator advises colleagues "to move forward carefully."
Except for Newt Gingrich’s two mischaracterizations, credit unions haven’t come up as an issue in this election campaign so far.
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.
CFPB director testifies Tuesday at Senate Banking Committee hearing.
For the past few years, advocates have continued to push for increasing the member business lending cap, and 2011 saw more of the same efforts.
Carla Decker can thank James Madison. When she raises her right hand this week before her confirmation hearing at the Senate Banking Committee, she will continue a tradition that dates back to the 18th century.
On the Consumer Financial Protection Bureau’s first day of operation, the House passed a bill to sharply change its structure.