According to a Monday release, Rep. Ron Paul’s (R-Texas) Audit the Fed bill is expected to receive a House floor vote later this month.
Rep. Ron Paul (R-Texas) is going to get his congressional hearing on Federal Reserve reform, with a little help from his friends in the House.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."
Fed Chairman Ben Bernanke meets the press Wednesday as part of the Fed's ongoing public outreach effort.
Rep. Ron Paul (R-Texas), who has called for the abolition of the Federal Reserve, will hold a hearing next Wednesday on the Fed's impact on unemployment.
Political newcomer Rand Paul, a favorite of credit unions and the tea party movement, has won the U.S. Senate seat in Kentucky, according to Associated Press projections.
The Texas Credit Union League is rolling out this week a series of "Congressional Thank You Ads" recognizing lawmakers who support the industry position on a range of issues from business lending to card interchange.
The May 18 primary elections provided more good than bad news for credit union-backed candidates.