Trade lobbyist says member business lending cap would be too controversial to be in California congressman's bill expected to drop this week.
House Financial Services Committee chair says "there is no legally appointed director of the CFPB at this time."
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
CUNA, NAFCU line up credit union CEOs for April 10 session with House Financial Services Committee.
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."
Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.
Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.
WASHINGTON — House Financial Services leadership had good news for credit unions during CUNA Governmental Affairs Conference general sessions, with congressional leaders expressing support for legislative causes that are near and dear to credit unions.
“If I have anything to do with it, there will not be taxation on our credit unions,” the House Financial Services chairman said.
Acting as primary sponsor for supplemental capital legislation and co-sponsoring every credit union bill that crosses his desk, Congressman Brad Sherman (D-Calif.) has long been a supporter of credit unions.