Credit unions lose two strong Democratic supporters in Mid-Term elections.
Sen. Mark Udall loses in Colorado despite a $400,000 CUNA direct mail campaign.
Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform America’s housing finance system by replacing the government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.
Senate gets measure Tuesday that would shut down Fannie Mae, Freddie Mac and FHFA within five years and create new corporation similar to FDIC.
Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.
Senate vote expected at 2 p.m. today; sources report that measure delaying interchange cap within a few votes of passing.
If you don’t tell people what is on your mind, they’ll never know. The credit union industry has taken this to heart on the interchange issue.
Two members of the Senate Banking Committee wrote Federal Reserve Chairman Ben Bernanke asking him to "create a workable small issuer exemption," in the debit interchange rule that the Fed is writing.
The Senate Banking Committee will have five new members during this session, as a result of assignments announced by the party leaderships on Thursday.
Young women who are victims of domestic violence or are homeless have a new maternity home to stay at thanks to partial financing of the facility by the State Employees' Credit Union's foundation.