Senate panel members backtracking on votes to support rate hikes in subsidized federal flood insurance program.
Hearing Wednesday focuses on affordability issues in National Flood Insurance Program rate hikes coming in October.
Two senators, two House members and Ginnie Mae executive added to September confab speaker list.
The amendment passed 281-146, and the appropriations bill was later approved by the full House and sent to the Senate.
Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.
Regulatory burden, National Flood insurance Program on the agenda.
WASHINGTON -- The woman leading the setup of the new Consumer Financial Protection Bureau said she hopes to work closely with credit unions and if "this thing works out right, consumers and credit unions will be on the same side of the line."
WASHINGTON -- Sen. David Vitter (R-La.) expressed support today for keeping credit unions' tax-exempt status but said he is undecided about raising the cap on member business loans.
NAFCU's Congressional Caucus gets underway Monday with keynote speaker conservative commentator and former presidential candidate Pat Buchanan. The conference runs through Sept. 22 at the Grand Hyatt in Washington, D.C.