President Obama today signed a measure allowing the NCUA to pay directly into the Temporary Corporate Credit Union Stabilization Fund.
The NCUA will be able to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury Department as a result of legislation passed by the House on Wednesday night.
A Senate-passed bill allowing the NCUA to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury Department could be taken up by the House tomorrow.
With 25 freshmen members readying for next year's state legislature, the Illinois Credit Union League is using the holiday lull to ramp up its "meet and greet" program with lawmakers.
Say farewell to the wisecracking, brainy lawmaker from suburban Boston and say hello to the soft-spoken, courtly former lumber company owner and trial lawyer from Birmingham, Ala.
Rep. Shelly Moore Capito (R-W.Va.) will chair the House subcommittee that has oversight over credit unions and other depository institutions, incoming Financial Services Chairman Spencer Bachus (R-Ala.) announced today.
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When Congress returns, credit unions can expect fewer consumer bills, tweaking the financial overhaul bill and new leaders of House and Senate committees that oversee credit unions.
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.
The ink has just dried on the Dodd-Frank financial overhaul law, but there is already talk among some about changing the legislation.