Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.
These photos by John Cooke capture some of the action of the second day of sessions Tuesday at the 2013 GAC in Washington, D.C.
“If I have anything to do with it, there will not be taxation on our credit unions,” the House Financial Services chairman said.
Boehner, Cordray, Cantor, Hoyer, Waters and more on tap as 4,200 credit union professionals descend on D.C.
NLRB plaintiffs say the ruling was significant because it occurred in the same court that is hearing the Cordray suit.
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.
CUNA announced Wednesday that House Speaker John Boehner (R-Ohio) will address the 2013 Governmental Affairs Conference in Washington on Feb. 26.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.
CUNA announced new legislative priorities for 2013 that include four key agenda items: preserving the credit union tax exemption, reducing regulatory burden, engaging in housing finance reform and advancing credit union charter enhancements.
Legislation increases borrowing authority by one third, draws Republican ire and promises to take NFIP private.