NAFCU has told the House Financial Services Committee that it supports HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act.
The number of credit union executives from across the country that turned out on Capitol Hill for the interchange battle was very impressive, especially on such short notice and when travel budgets have been practically bled dry.
The issue of regulating interchange fees will be one of the topics lawmakers have to deal with when the House-Senate conference committee meets today to reconcile the differences between the financial reform bills passed by both chambers.
The top House Republican on financial issues is urging senators to wait 30 days after all amendments are approved before a final vote on the regulatory restructuring plan.
If the debate over what to do about Fannie Mae and Freddie Mac were a boxing match, last week's hearing before the House Financial Services Committee would have been the first round.
NAFCU has refrained from making concrete suggestions about what sort of structure a new Fannie Mae or Freddie Mac might one day have but has urged legislators to preserve their ability to help CUs manage mortgage liquidity.
WASHINGTON -- The top Treasury Department official on credit unions said that the proposed agency to regulate consumer financial products will give credit unions a more stable regulatory environment in which to operate.
WASHINGTON -- Two powerful members of the House Financial Services Committee gave credit unions reasons to hope that Congress might eliminate or at least lift the cap on credit union making business loans to their members.
Representative Spencer Bachus (R-Ala.), the most senior Republican on the House Financial Services Committee told attendees of CUNA's GAC on Feb. 24 that it was time for Congress to lift the cap on credit union's business lending.
Distinguished lawmakers, regulators as well as a rock band will be appearing at CUNA's Governmental Affairs Conference next month.