Agency director testifies at House Financial Services Committee hearing on rule CFPB expects to finalize in January.
According to a Monday release, Rep. Ron Paul’s (R-Texas) Audit the Fed bill is expected to receive a House floor vote later this month.
Credit union-backed candidates didn’t win them all in Tuesday’s state primaries, but the industry did score some major wins in California and New Mexico.
Primary races include former CU exec candidacy.
Redistricting guarantees loser between Berman and Sherman.
Over the last couple of years, a small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
A small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."
The three big credit union trade associations worked for years to find a way to allow supplemental capital for non-low income credit unions.