Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.
Thomas Renz, president and chief development officer for the $32 million Commodore Perry FCU, didn’t decide to become an activist when he appealed the credit union’s 2011 exam. Instead, the Credit Union Times 2013 Political Action Trailblazer Award winner contended that he’s always been one.
Commodore Perry Federal Credit Union of Oak Harbor, Ohio, is awaiting a ruling from the NCUA’s Supervisory Review Committee regarding an exam appeal that alleges that an NCUA examiner harassed employees and retaliated against the credit union after it complained.
The $32 million Commodore Perry FCU appeals exam findings after supervisors back agency staffer but offers to send different examiner next year.
Banks hoping Congress will extend the FDIC’s Transaction Guarantee Program are facing opposition from Tennessee senator.
The Ohio Credit Union League just received a hand-delivered letter from Sen. Sherrod Brown (D-Ohio) in support of the tax exemption.
While the credit union model is the most effective one for helping middle-class citizens improve their financial health, government officials should enact policies to enable credit unions to do even more, Wright-Patt CU President/CEO Doug Fecher told a Senate panel.
On a party-line vote, the Senate Banking Committee voted to confirm former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau.
Panel votes along party lines.
Wright-Patt CU CEO testifies at Senate Banking Committee subcommittee hearing.