WASHINGTON — With a massive phone and e-mail campaign and a useof the new media, credit unions and their advocates are trying hardto win passage of the Credit Union Regulatory Relief Act during itsscheduled House of Representatives vote on Tuesday.
Both major trade associations have urged members to contactlawmakers both about the virtues of the bill (H.R. 5519) and tocounter efforts by the banking lobby, including a fly-in by some ofits members to try to kill the measure.
“Our members are emphasizing that credit unions need regulatoryrelief. They haven't been the bad actors in the subprime debacle,”said NAFCU Director of Legislative Affairs Brad Thaler.
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