Jerry Reed, chief lending officer from the $5.3 billion Alaska USA FCU, told lawmakers during a June 18 hearing on the Consumer Financial Protection Bureau’s qualified mortgage rule that products and product features were responsible for the mortgage market meltdown, not underwriting standards.
Three credit union witnesses testified April 10 in a House Financial Services Committee Financial Institutions Subcommittee hearing that rules and regulations mandated by the Dodd-Frank Act are interfering with credit unions’ ability to serve their members.
During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”
Texas Republican fills slots on influential panel for upcoming 113th Congress.
Congress is scheduled to call it a year on Friday but fiscal cliff negotiations might change that. Privacy notice bill scheduled for House vote today.
House vote was expected Tuesday, then Wednesday and now, maybe next week.
Here's a look at the top 5 issues, other than member business lending legislation, pushed at NAFCU's 2012 Congressional Caucus.
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
Sen. Kent Conrad becomes the 11th co-sponsor of the bill.
NAFCU recently announced the 16 winners in its 2012 marketing awards competition. The winners will be honored in conjunction with NAFCU’s 2012 Strategic Growth Conference at FireSky Resort and Spa in Scottsdale, Ariz., March 13-15.