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Grandy Calls Apathy Biggest Danger to Democracy, Offers Four Rules of Lobbying

By Staff Writer

WASHINGTON-Headlining NAFCU's Congressional Caucus, former Congressman Fred Grandy (R-Iowa)-also known as Gopher from the television show Love Boat-shared his "reflections of a recovering congressman." He stated that the biggest danger to democracy is the "apathetic citizen." Grandy encouraged his audience to get out there and make something happen while they...

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October 05, 2004

Frank: No Problems with Credit Unions

WASHINGTON-House Financial Services Committee Ranking Member Barney Frank (D-Mass.) thanked credit unions for not causing extra work for him and his staff back in the district. "One of the things that marks the business I'm in is we only hear from people when there are problems." he said. "I cannot...

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October 05, 2004

Abernathy Reiterates Tax Exemption Support, Thanks CUs for Service

WASHINGTON-Wayne Abernathy, Treasury's assistant secretary for financial institutions, told credit unions in Washington last week that the administration's backing of the credit union tax-exempt status is not waning. Abernathy was also quick to list out a number of programs he had learned about that credit unions are creating and participating...

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October 05, 2004

Gramlich Outlines NRC Work

WASHINGTON-Federal Reserve Board Governor Edward Gramlich, the chairman of the National Reinvestment Corporation, explained that credit unions and the NRC have common goals that can lead to progress in affordable housing. NCUA Board Member Debbie Matz serves as NRC's vice chair. The federal government gives the NRC $100 million dollars...

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October 05, 2004

Broad Reg Relief Bill May Be on the Horizon in the Senate

WASHINGTON-At NAFCU's Congressional Caucus last week, Senator Mike Crapo (R-Idaho) said he was possibly interested in introducing broader regulatory relief than what the House-passed bill offers. The House's Financial Services Regulatory Relief Act (H.R. 1375) deals primarily with what he called "charter issues." Crapo said, "When I picked up the...

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October 05, 2004

SBA Wants to Tap CUs to Reach Even More Small Business Owners

WASHINGTON - The Small Business Administration is looking to further expand its relationship with credit unions, according to SBA Deputy Administrator Melanie Sabelhaus speaking to NAFCU's Congressional Caucus last week. There are 25 million small business owners, she stated. More than 10 million are women and 51% of all employees...

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October 05, 2004

Sen. Reed Tells NAFCU Caucus He Favors Private Insurance Disclosure Proposal

WASHINGTON-Senate Banking Committee Member Jack Reed (D-R.I.) told attendees of NAFCU's Congressional Caucus last week that he favored greater private insurance disclosures. Reed explained that he experienced what happened first hand with the Rhode Island insurance debacle and stated, "We don't want to see that happen again." He said that...

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October 05, 2004

J.D. Power: Dealers Counting on Business from Subprime Customers

WESTLAKE VILLAGE, Calif. - Most dealers interviewed for a recently conducted study by J.D. Power and Associates indicated they plan to increase nonprime business in the next year. The company's 2004 Dealer Financing Satisfaction Study cited several factors influencing dealers' increased interest in subprime financing such as a tough job...

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Top News Stories

Grandy Calls Apathy Biggest Danger to Democracy, Offers Four Rules of Lobbying

Credit Unions Ask Tough Questions of NCUA Board Members at NAFCU Caucus

StarTrust FCU Partners with CUAC for `Rev `Em Up' Auto Show, Generates Loans for CU, Promotes CU's Services

Recommended Just For You

News Stories

Frank: No Problems with Credit Unions

Abernathy Reiterates Tax Exemption Support, Thanks CUs for Service

Gramlich Outlines NRC Work

Broad Reg Relief Bill May Be on the Horizon in the Senate

SBA Wants to Tap CUs to Reach Even More Small Business Owners

Sen. Reed Tells NAFCU Caucus He Favors Private Insurance Disclosure Proposal

J.D. Power: Dealers Counting on Business from Subprime Customers