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Senator Mike Crapo, a Republican from Idaho and chairman of the Senate Banking, Housing and Urban Development Committee, center, makes an opening statement during a hearing in Washington, D.C. Photographer: Andrew Harrer/Bloomberg

The Senate Wednesday passed a financial regulatory overhaul bill that is being hailed by credit union trade groups, but also faces an uncertain future in the House, which has passed a far more ambitious measure.

Voting 67-31, the Senate passed S. 2155, legislation that was crafted by Senate Banking Chairman Mike Crapo (R-Id.) and other Republicans, as well as some moderate Democrats.

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David Baumann


Credit Union Times

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