Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Bachus backs CUs as Congress reforms regs
WASHINGTON (6/22/09)--The National Credit Union Administration (NCUA) and credit unions in general should expect support from both sides of the aisle as debate on financial regulatory restructuring moves forward this year, with ranking House Financial Services Committee member Rep. Spencer Bachus (R-Al.) lending his continued support to the mission of credit unions. In a recent letter to Credit Union National Association (CUNA) President / CEO Dan Mica, Bachus said that he and other House Republicans would seek CUNA’s input to ensure that the “shared goals of charter preservation and credit union independence are achieved” as they develop their alternative plan for regulatory reform. Though the exact details have not been released yet, the republican plan would look to limit future financial bailouts and reform the Federal Reserve, Fannie Mae, Freddie Mac, and credit rating agencies. Calling credit unions “an integral part of our financial system,” Bachus also reaffirmed CUNA’s belief that credit unions did little to contribute to the current economic crisis. The NCUA would maintain its safety and soundness authority over credit unions under the U.S. Treasury's blueprint for financial regulatory reform.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
2 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
7 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
7 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
9 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
9 hours ago