Credit unions executives located in or near Rep. Gary Miller’s (R-Calif.) district in Southern California voiced their approval of a bill introduced by the House Financial Committee leader on June 28.
Here are photos from the action on Wednesday at NAFCU's 46th Annual Conference in Boston.
The bill would give the NCUA the ability to adjust capital requirements when necessary.
NAFCU says hearing next week; Senate Banking Committee spokesman says no date to report.
Senate committee’s option papers termed a wakeup call by industry trades.
A working group report on tax reform delivered to the the House Ways and Means Committee May 6 was overall good news for credit unions, but it included some recommendations to scrap the tax exemption, too.
Missouri Rep. Blaine Luetkemeyer's bill doesn't mention credit unions but would provide some regulatory relief, trades say.
Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.
CUNA signs letter from banks, payment providers praising House bill passage; NAFCU seeks focus on credit union concerns.
On April 10 the House Financial Services Committee has scheduled a hearing to focus on the regulatory burdens facing community financial institutions that will focus on credit unions.