Former NCUA Board Member Geoff Bacino urged credit union officials and members to back Senate Majority Leader Harry Reid (D-Nev.) in what is expected to be a difficult re-election race this year.
Within two weeks of the ascension of Rep. Sander Levin (D-Mich.) to the chairmanship of the House Ways and Means Committee,
Three amendments on the interchange issue would "impose heavy new restrictions on interchange fees," NAFCU Executive Vice President B. Dan Berger wrote Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell today.
The Senate's number two Democrat said today there will be at least three amendments to regulate interchange fees during that chamber's upcoming debate on regulatory restructuring and backers will frame them as a way to assist small businesses.
Senate Republicans said today they will allow the regulatory restructuring legislation to come to the Senate floor and attempt to amend the legislation on the floor.
CUNA and NAFCU wrote lawmakers this week that the language in the financial overhaul bill that would limit the Federal Home Loan Bank Board to a 25% concentration limit would limit their ability to meet their obligations to their members.
President Obama went to the belly of the financial beast today to urge lawmakers to support a measure that would change the way the financial sector is regulated.
Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Christopher Dodd today characterized GOP efforts on pending legislation to revamp financial regulation as too partisan and non-inclusive.
In a year when many incumbent officeholders are about as popular as Yankee fans in Fenway Park, several key supporters of credit unions will be fighting for their political lives this year.
Due to another batch of snow, which caused blizzard-like conditions and following last weekend's record-setting storm in the Washington area, the capital region's offices of federal government-including the NCUA-are closed again today.