WASHINGTON — NCUA's Fazio tells Senate Banking Committee 77% of credit unions could gain regulatory relief.
The Credit Union Share Insurance Fund Parity Act means IOLTA accounts are now covered by federal deposit insurance.
CU Share Insurance Fund Parity Act would direct NCUA to extend insurance to owners of funds held in trust accounts.
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.
WASHINGTON — The Senate Banking Committee also delayed mark-up of the Corker-Warner GSE reform bill.
A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
With less than a year to go before the 2014 midterm elections, credit union trade organizations are focusing their attention on key Senate races.
CUNA and NAFCU both throw their support behind credit union supporters like Sen. Mark Udall (D-Colo.) and Sen. Mitch McConnell (R-Ky.).
In advance of Monday's Senate Banking Committee hearing on data security, bank and credit union trades urge action on issue.