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.
In politics, the party that controls Congress usually gets the lion's share of the campaign money.
WASHINGTON -- The key sponsor of a bill to raise the cap on member business lending said today it won't be a part of a small business lending bill that the House will take up next week.
Preparing for the November mid-terms, CUNA is stepping up its grassroots advocacy this month with what it calls a refined "partisan communication" campaign aimed at getting CU members to have more direct involvement with candidates.
What if the opposition party gains control of parts of government?
The Senate last Thursday overcame strong Republican opposition and passed comprehensive regulatory overhaul legislation 60 to 39. All but one of the 58 Senate Democrats supported the measure, and all but three of the chamber's 41 Republicans opposed it.
House and Senate Conferees agreed to a final version of the financial reform legislation that includes controversial language mandating the Federal Reserve to set debit card interchange rates at a "reasonable level."
The provisions giving the Federal Reserve the right to set interchange fees came a step closer to reality last night when Senate members of the House-Senate conference committee on financial overhaul accepted an offer made by House conferees.