Rhode Island's Reed, New York's Schumer seen eyeing top post on Senate Banking Committee as South Dakota's Johnson retires.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.
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.