X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) encouraged credit unions that the fight has just begun in getting the Financial Services Regulatory Relief Act through the lawmaking process. Though Representative Shelley Moore Capito (R-W.V.) introduced the bill, Oxley has been the key player shepherding the bill, H.R. 3951, through the House. “It’s a solid piece of legislation that has bipartisan support. We need to push that across the goal line,” he commented. Of the bankers’ opposition to the credit union provisions of the bill, Oxley told reporters, “It’s not an issue.” Instead he laid the blame with current events, “We may just be a little bit behind the curve on that one for a lot of reasons. We just got sidetracked on some issues like Enron and WorldCom and 9/11 last year.” The Senate has yet to act on regulatory relief, though Senator Richard Shelby (R-Ala.) is reported to be considering it. [email protected]

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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.