Money may make the world go 'round, but it doesn't always translate into political clout.
The lawmaker who circulated the "dear colleague," letter on interchange, has received contributions from the political action committees of CUNA and NAFCU during this campaign cycle.
WASHINGTON -- For credit unions, the upcoming House-Senate conference committee on the financial regulatory overhaul is coming down largely to interchange fee regulation.
After having dropped off for a month, CUNA's Credit Union Legislative Action Council is again on the list of top of the top 20 donors to federal candidates, according to data compiled by the Center for Responsive Politics.
Reaching inside the credit union movement following the tenure of a prominent outsider, CUNA last week named California-Nevada Credit Union League President Bill Cheney as its new leader.
Within two weeks of the ascension of Rep. Sander Levin (D-Mich.) to the chairmanship of the House Ways and Means Committee,
Embattled Rep. Charles Rangel (D-N.Y.) said today he is taking a leave of absence from his post as chairman of powerful House Ways and Means Committee, in the wake of having been admonished by the Ethics Committee.
Successfully suing the Internal Revenue Service over the unrelated business income tax and serving as a test case for the credit union movement might be enough political activity to last any financial institution for several years.
CUNA's political action committee remained among the 20 biggest donors last year, with $1.1 million in contributions to federal candidates and committees, according to data filed this week with the Federal Election Commission.
For CUNA's political action committee, Rep. John Hall (D-N.Y.) is still the one.