Legislation that would delay flood insurance rate hikes unlikely to pass in the House as written.
Parliamentary maneuvering continues on the bill.
Trade group cites "unacceptable financial burden" while reinsurers cast wary eye at blanket subsidies.
Measures would delay increases by perhaps four years if they gain passage.
Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.
Calling it a net plus for the consumers and the housing market, Affinity FCU President/CEO John Fenton urged lawmakers to ensure that any changes in the housing finance system don’t jeopardize the existence of the 30-year mortgage.
New Jersey CEO says 30-year mortgages are "necessary for the health of the housing market."
WASHINGTON — NCUA Chairman Debbie Matz told a panel of skeptical senators that raising the cap on member business loans would actually improve credit unions’ risk environment while creating more jobs.
Senators signal their doubts on CU business lending while questioning Matz.
Credit unions in New Jersey are being encouraged to make their voices heard this week as the Senate debates the Small Business Lending Fund Act and an amendment that would increase the member business lending cap.