House, Senate both get measure that would create ombudsman outside NCUA.
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."
Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.
Massachusetts Democrat to get one of two spots being vacated by retiring solons.
Sen. Kent Conrad becomes the 11th co-sponsor of the bill.
CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.
Connecticut Attorney General Richard Blumenthal and West Virginia Gov. Joe Manchin, both Democrats, are expected to win open Senate seats in their states, according to the Associated Press.
As the fall campaign season kicks into high gear, CUNA's political action committee has $1 million in its coffers for upcoming political activities.
Adding to the likelihood of final passage, Sen. Olympia Snowe (R-Maine) late yesterday said she would support the regulatory overhaul currently pending in the Senate.