After seeing little to no progress on credit union legislation during the first 11 months of 2012, two regulatory relief bills advanced within 24 hours of each other, with one passing both chambers and awaiting President Obama’s signature.
Congress is scheduled to call it a year on Friday but fiscal cliff negotiations might change that. Privacy notice bill scheduled for House vote today.
Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Bill aimed at ending aiming lawsuits over ATM placard disclosures gets final approval in Congress.
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.
Credit unions left out on Interest on Lawyers Trust Accounts and member business lending in Transaction Account Guarantee bill.
Texas Republican called CFPB, Dodd-Frank "legislative drive-by shooting" at NAFCU Congressional Caucus earlier this year.
Eliminating the tax exemption for credit unions was mistakenly included in the House bill that contains the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and Reform, its sponsoring congressman said last Wednesday afternoon.
Community bankers lobby says mistaken entry in bill "reignites the controversy."
Spokesman for U.S. Rep. Dennis Ross says exemption should be in "maintain" and not "phase-out" part of the bill.