WASHINGTON—No issue at this year’s GAC was more polarizing than the new Consumer Financial Protection Bureau. Speakers, particularly politicians, were either completely against it or completely for it, depending upon which party they represented.
They’ve given money and done other things necessary for relationship building with members of Congress’ new deficit cutting panel.
All three picks have promised to protect entitlements while Republican members continue opposition to tax hikes.
If money, as a former state official said, is the mother’s milk of politics, neither major CU trade is in danger of being lactose deprived any time soon.
With their new majority in the House, Republicans are vowing to keep a close eye on regulators, and the Federal Reserve's regulation of interchange could well be one of the lawmakers' top priorities.
What if the opposition party gains control of parts of government?
The number of credit union executives from across the country that turned out on Capitol Hill for the interchange battle was very impressive, especially on such short notice and when travel budgets have been practically bled dry.
The secondary capital debate draws deep-seated philosophical arguments from both sides as you've seen in letters to the editor and opinion pieces in this publication and elsewhere,
National Community Reinvestment Coalition President/CEO John Taylor told lawmakers today that credit unions "have not served minority and working communities in a satisfactory manner."