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.
Texas Republican fills slots on influential panel for upcoming 113th Congress.
California Democrat Maxine Waters to replace Barney Frank as panel's ranking minority party member. Texan Hensarling to chair.
Texas Republican called CFPB, Dodd-Frank "legislative drive-by shooting" at NAFCU Congressional Caucus earlier this year.
NCUA Board Chairman Debbie Matz announced the selection of Gail Laster, an attorney who helped draft the Dodd-Frank Act, to replace the retiring Kent Buckham as director of the Office of Consumer Protection.