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News Now

Washington
At pre-Hike briefing CUNA CU reps and congressmen connect
WASHINGTON (12/9/09)--Credit union representatives are using this week's National Hike the Hill as a platform for member business lending cap increase advocacy above all else, as they come to Washington just before key financial regulatory reform votes are set to take place.
Rep. Paul Kanjorski (D-Pa.) speaks at the National Hike the Hill kickoff on Tuesday night. (Photo provided by the Pennsylvania Credit Union Association)
The Credit Union National Association (CUNA) hosted a briefing and reception for the over 600 credit union activists coming to Washington. The reception was also attended by Reps. Paul Kanjorski (D-Penn.), Ed Royce (R-Calif.) and Brad Sherman (D-Calif.), who briefly addressed the crowd. CUNA Senior Vice President of Legislative Affairs John Magill said that CUNA, associated credit unions and state leagues would approve of changes that CUNA ”affected” on legislation addressing systemic risk and the proposed Consumer Financial Protection Agency, but oppose potential legislative action on interchange fees and overdraft protection. CUNA is also opposing a bankruptcy amendment to H.R. 4173, the Wall Street Reform and Consumer Protection Act, which would modify the bankruptcy code to permit judicial mortgage modification. The amendment was submitted by Rep. John Conyers (D-Mich.) on Tuesday. Over 235 amendments to H.R. 4173 have been filed with the Rules Committee, but votes on these amendments have not yet been scheduled.
CUNA President/CEO Dan Mica makes a point as he briefs some of the almost 650 credit union representatives that have come to Washington, D.C. this week to "Hike the Hill" on key credit union issues, such as increased member business lending authority. The credit union reps also heard from Reps. Paul Kanjorski (D-Pa.), Ed Royce (R-Calif.) who have introduced legislation to lift the MBL cap, and Rep. Brad Sherman (D-Calif.), who supports increased member business lending. (CUNA Photo)


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