Rep. Shelly Moore Capito (R-W.Va.) will chair the House subcommittee that has oversight over credit unions and other depository institutions, incoming Financial Services Chairman Spencer Bachus (R-Ala.) announced today.
When Congress returns, credit unions can expect fewer consumer bills, tweaking the financial overhaul bill and new leaders of House and Senate committees that oversee credit unions.
CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.
Credit unions lost a close ally when Congressman Paul Kanjorski conceded the race to Hazelton Mayor Lou Barletta.
Rep. Ed Royce, a strong supporter of credit union causes such as raising the cap on member business lending, announced last night that he will seek the chairmanship of the House Financial Services Committee.
Credit union stalwart Rep. Paul Kanjorski (D-Pa.) saw his 26-year congressional career end, yet Senate Majority Leader Harry Reid (D-Nev.) survived yesterday's election which gave the Republicans large gains in both chambers.
CNN, Fox and MSNBC have all projected that the GOP will win a majority of seats in the House, thus ending the Democrats' four-year control of that chamber.
WASHINGTON -- The woman leading the setup of the new Consumer Financial Protection Bureau said she hopes to work closely with credit unions and if "this thing works out right, consumers and credit unions will be on the same side of the line."
NAFCU's Congressional Caucus gets underway Monday with keynote speaker conservative commentator and former presidential candidate Pat Buchanan. The conference runs through Sept. 22 at the Grand Hyatt in Washington, D.C.
What if the opposition party gains control of parts of government?