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.
Underlining CUNA’s stepped-up efforts on legislative advocacy at the state level, two leagues, California and Texas, unveiled plans Friday for “Hike the State Capitol” programming.
The third time may not be the charm for Nobel Laureate Peter Diamond’s effort to get on the Federal Reserve.
Sen. John Ensign, whose political fortunes plummeted after he admitted to an extramarital affair with the wife of a staff member, announced today that he won’t seek a third term next year.
John McKechnie began his first day on a Delaware beach in the summer of 2008 reading a front-page story in The Wall Street Journal about the serious financial problems facing some of the corporate credit unions.
The House Appropriations Committee has proposed cutting $197 million from the budget of the Community Development Financial Institutions Fund for this fiscal year.
Thanks to the credit union lobby, Michigan lawmakers look to be first in the nation to act next week on a non-binding resolution seeking to halt or delay the Federal Reserve's debit interchange rules.
Saying that "there's more to life than being a United States Senator," Assistant Minority Leader/Minority Whip Jon Kyl (R-Ariz.) announced today he will not seek re-election next year.
Hike the Hill now has a hometown cousin, "Hike at Home," and some credit union trade groups are starting to take advantage of the GOP's new House strategy to get closer to constituents.