Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-CUNA sent a letter last week to Speaker of the House Dennis Hastert (R-Ill.), yet again, encouraging swift movement on the bankruptcy reform legislation. At the same time, NAFCU lobbyists reported that action on the bill was unlikely after deadline last week. CUNA President and CEO Dan Mica admitted in the letter, “We are aware that for some Members of Congress, a vote for this bill is now a tougher decision than it was in March of last year. This does not change the harsh reality that credit unions continue to see increases in the numbers of people abusing the system.This bill is too important to risk being lost in the end of session maneuvering or pushed off to a possible lame duck session.” CUNA also ran advertisements last week in widely read Capitol Hill publications supporting the bill. Mid-week last week, members of Congress were still trying to get a reliable vote count of supporters of the bankruptcy reform legislation. Because of the Thursday afternoon adjournment last week, NAFCU Director of Legislative and Political Affairs Brad Thaler predicted that movement on the bill would be held off until at least later this week.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.