John Magill, CUNA executive vice president of government affairs, said CUNA's Political Action Committee,CULAC, supported the ill-fated re-election bid of House Majority Leader Eric Cantor (R-Va.)
CULAC donated $14,000 to support the credit union-friendly congressman's failed re-election bid.
House Majority Leader Eric Cantor's office told Credit Union Times on Friday that the House will vote on the legislation Saturday.
Boehner, Cordray, Cantor, Hoyer, Waters and more on tap as 4,200 credit union professionals descend on D.C.
Bill would eliminate an ATM placard disclosure requirement that has spurred frivolous lawsuits against credit unions.
If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
Frank Keating, president/CEO of the ABA, said the group will do what it takes to keep new small business legislation from moving forward.
If money really does talk, then CUNA and NAFCU have been doing the financial equivalent of vocal exercises. The political action committees of both groups each ended last year with six-figure amounts in their coffers, as they gear up for an election year that features a large number of competitive races...
CUNA, NAFCU spread donations across parties, chambers.
CUNA's PAC had $270,933 in its coffers as of last week and NAFCU's PAC had $215,631, according to reports they filed this week with the Federal Election Commission.