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.
In a Jan. 31 letter to Rep. Randy Neugebauer (R-Texas), Elizabeth Warren revealed that the current plan calls for the Consumer Financial Protection Bureau to have six primary divisions.
Despite the lack of a permanent director, the consumer financial regulator is gearing up for its June launch.
Saying she is "executing a fatally flawed plan," the lawmaker in charge of overseeing the new consumer agency asked point person Elizabeth Warren four pages of organizational and policy questions on the new consumer bureau.
Credit unions and other financial institutions are likely to face an added regulatory burden as a result of the regulatory overhaul bill passed by Congress this year.
WASHINGTON -- The new consumer agency will focus on stronger across-the-board, not targeted, regulations that will make the credit market function better and protect