Search
 

Hearing on McHenry Bill Sheds Little Light; Legislators Layout Existing Positions

WASHINGTON - As of press time, the May 11 hearing before the Financial Services Committee's subcommittee on financial institutions and consumer credit to consider H.R. 3206, the Credit Union Charter Choice Act, started out tense and produced little in the way of anything new.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – As of press time, the May 11 hearing before the Financial Services Committee’s subcommittee on financial institutions and consumer credit to consider H.R. 3206, the Credit Union Charter Choice Act, started out tense and produced little in the way of anything new.

Interestingly, both sides of the hearing’s second panel, which included representatives from the banking and credit union associations, agreed that large numbers of future credit union-to-bank conversions would be rare, though the credit union representatives said the slow down would be because more CU members would likely vote them down and the bank representatives said it would be because NCUA’s regulations would prevent it.

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?

Trending Stories

 

Recommended Stories

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.