The House reauthorizes the Terrorism Risk Insurance Act, which also guarantees a Federal Reserve Board spot for a community banker, but no credit union parity.
House hearing brings out opposing viewpoints over rates said to jump as high as 3,000%.
GOP Rep. Randy Neugebauer asks for speedy approval from banking industry regulators, sparking calls for caution from some insurers.
Texas Republican fills slots on influential panel for upcoming 113th Congress.
Credit union trade associations have entered the 2012 election homestretch, with both CUNA and NAFCU confirming PAC spending figures reported by the Federal Election Commission and website OpenSecrets.org.
Mortgages, providing them and buying them, along with business lending and compliance issues were on the agenda Friday at the Congressional Caucus.
For a dozen years, I’ve attended events like NAFCU’s Congressional Caucus and CUNA’s Governmental Affairs Conference. Every year, wise members of Congress play to their audience, smile and shake hands. If there were babies there to kiss at a credit union conference, they’d be doing that too. Politicians stay politicians...
WASHINGTON — House Financial Services Committee Chairman Spencer Bachus (R-Ala.) didn’t address specific credit union legislative priorities during his speech at NAFCU’s Congressional Caucus, but he commiserated with attendees about the dangers of excessive regulation.
Politicians stay politicians by telling the people what they want to hear. Actually doing something is an entirely different question.
CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.