Sen. Shelby is no adversary to credit union industry.
It is wrong to paint Sen. Richard Shelby (R-Ala.) as an adversary to the credit union industry.
The Consumer Financial Protection Bureau has created a new Office of Financial Institutions and Business Liaison.
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.).
NAFCU, CUNA join bankers, real estate lobby in supporting move to stop Fannie Mae, Freddie Mac fees going to pay off deficit.