WASHINGTON-As Congress gets back to work in D.C. after the long winter recess, Congressman Neil Abercrombie (D- Hawaii) signed on as the most recent federal legislator to co-sponsor the Credit Union Regulatory Improvements Act (H.R. 2317). CURIA includes a number of regulatory relief measures, like expanded investment powers and extended loan maturity limits, as well as providing credit unions with expanded member business lending powers and a risk-based capital system similar to the banks. The credit union trades, along with NCUA, are working hard to get these `extras’ added into the Financial Services Regulatory Relief Act (H.R. 3505) as well. According to the official list of co-sponsors, Abercrombie makes 108, but it also includes Randy `Duke’ Cunningham (R-Calif.) who resigned his seat late last year after pleading guilty to accepting bribes.

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