Banking Committee

• Marx on Capitol: Decker Hearing Will Be Tame

  By Claude R. Marx  |  November 13, 2011

  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.

• House Passes Measure to Restructure CFPB

  By Claude R. Marx  |  July 21, 2011

  On the Consumer Financial Protection Bureau’s first day of operation, the House passed a bill to sharply change its structure.

• MBL Needs More Than Pomp and Circumstance

  By Sarah Snell Cooke  |  June 27, 2011

  I read Marv Ulmholtz’ newsletter regularly and the June 22 edition did not disappoint. I split about 50/50 as far as agreeing or disagreeing with his views, but I enjoy his writing style, including referring to himself as “this correspondent.”

• Trades Continue to Gear Up for Election

  May 31, 2011

  CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.

• CU Friend and Financial Literacy Booster Akaka to Retire

  By Claude R. Marx  |  March 3, 2011

  Sen. Daniel Akaka (D-Hawaii), who has supported credit unions and has been a big booster of improving financial literacy, announced yesterday that he won’t run for re-election next year.

• Dodd-Frank Regulatory Overhaul Likely To Get Tweaked

  By Claude R. Marx  |  February 9, 2011

  The ink is barely dry on the financial overhaul bill and already some lawmakers and interest groups are looking at ways to tweak it.

• Senators Urge Bernanke to Use Caution in Regulating Interchange Fees

  By Claude R. Marx  |  December 10, 2010

  A bipartisan group of 13 senators urged Federal Reserve Chairman Ben Bernanke in a letter sent yesterday to ensure that when the Fed issues regulations on debit interchange fees they don't hurt small financial institutions and consumers.

• On-Site Coverage: Warren Pledges Rigorous Regulations to Make Credit Market More Efficient

  By Claude R. Marx  |  December 2, 2010

  WASHINGTON -- The new consumer agency will focus on stronger across-the-board regulations that will make the credit market function better and protect consumers, the agency's chief architect, Elizabeth Warren, said today.

• Mixed Election Results For CUs

  By Claude R. Marx  |  November 10, 2010

  CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.

• Paul Wins Kentucky Senate Seat

  By Claude R. Marx  |  November 2, 2010

  Political newcomer Rand Paul, a favorite of credit unions and the tea party movement, has won the U.S. Senate seat in Kentucky, according to Associated Press projections.