Credit unions are pushing for passage of a patent reform bill that the Senate is likely to vote on soon that could limit their exposure to patent infringement lawsuits.
They’ve given money and done other things necessary for relationship building with members of Congress’ new deficit cutting panel.
Credit unions dodged a taxation bullet with the latest spending reduction package, but it remains to be seen how long their luck will hold.
This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
Here are some shots from Friday, July 1, the final day of the 44th annual NAFCU Conference & Exhibition at the Moscone West Convention Center.
SAN FRANCISCO — Fresh off the fight over debit interchange fees, NAFCU now focuses on a range of other goals, chief lobbyists tell attendees.
Credit unions are on alert about the fate of their tax-exempt status as a result of President Obama’s speech outlining his deficit reduction strategy.
Backers of congressional efforts to delay implementation of the Federal Reserve’s rule regulating interchange were buoyed when Federal Reserve Chairman Ben Bernanke said the agency wouldn’t be able to release the rule by the April 21 deadline.
Federal Reserve Chairman Ben Bernanke told lawmakers today that the central bank won’t be able to make the April 21 deadline for releasing a final rule to regulate interchange fees.
Credit unions and other opponents of the Federal Reserve’s proposed rule capping debit interchange fees received good news last week when bills to delay the rule’s implementation were introduced in the Senate and House.