At press time, the House Financial Services Committee was close to passing a bill extending the National Flood Insurance Program for five years and three bills to make changes to the structure of the Bureau of Consumer Financial Protection.
Everybody in Congress and in the Obama administration say they are for consumer protection. However, in the debate over the new consumer bureau, it depends on what the meaning of “consumer protection” is.
CUNA PAC contributed $7,000 to 2006 campaign of Nevada senator now stepping down in wake of affair revelations.
It’s back. Just when you thought you had survived another round of political slings and arrows, better known as an election season, another one beckons.
Credit unions are on alert about the fate of their tax-exempt status as a result of President Obama’s speech outlining his deficit reduction strategy.
With another deadline looming, Congress takes up funding measure today.
In a speech Wednesday, credit unions' tax-exempt status were among the "tax expenditures" the president called for review.
State league lobbying is undergoing more revamps this spring with advocacy schedules getting altered at two more leagues–Texas and California–to advance a more focused industry message to lawmakers.
NAFCU will endorse GOP-backed legislation to have the new Consumer Financial Protection Bureau governed by a five-member board and allow its decisions to be overturned by majority vote of a council of regulators.
Borrowers would have to put 20% down on a mortgage in order for the lender to be exempt from the “skin in the game,” rules, according to a proposed rule sent out for comment today by the FDIC and other regulators.