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.
WASHINGTON — Callahan Chairman Filson launches petition campaign to change nomination process, announces his own pitch to serve on NCUA board.
Federation will sponsor session for current and potential low income designated credit unions.
Although the District of Columbia Circuit Appeals Court invalidated President Barack Obama’s recess appointments to the National Labor Relations Board and potentially overturned the board’s decisions since early 2012, credit unions shouldn’t assume the ruling means the CFPB will meet the same fate, said NAFCU President/CEO Fred Becker.
Friday's decision invalidates NLRB appointees, could impact Richard Cordray's recess appointment last year to CFPB.
As credit unions hunker down in defense of their federal tax exemption, the industry does have one thing in its favor. There are no known enemies among leadership on the House Ways and Means or Senate Finance Committees.
These powerful leaders oversee financial institutions and the NCUA, originate tax reform and wield considerable influence.
Lew, former OMB director, currently is White House Chief of Staff and would succeed Timothy Geithner.
It’s clear that the Patient Protection and Affordable Care Act, otherwise known as Obamacare, is the law of the land. But it’s not so clear yet how the new law will impact credit unions over the next two years when the bulk of the health reform laws go into effect.
Uncertainty reigns as Affordable Care Act begins two years of taking hold. This article is also in our Jan. 9 print edition.