WASHINGTON – House Financial Services Committee Barney Frank today reiterated his call for the Treasury Department to make credit unions eligible for funds under the Troubled Asset Relief Program.
"I would hope the treasury secretary would do it," Frank (D-Mass.), said at a news conference at which he outlined his committee's agenda for this year.
The House recently passed a Frank-sponsored measure that includes changes in the law that allows credit unions to accept TARP money. Included in the measure was a provision allowing credit unions to include government assistance in the calculation of their net worth, something they currently can't do.
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