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
CU Hikes blanket Capitol Hill
WASHINGTON (9/29/09)--The Credit Union National Association (CUNA) on Wednesday will complete what has been a banner month for its Hike the Hill campaign with representatives from the League of Southeastern Credit Unions traveling to Washington to discuss credit union issues with their representatives and regulators. Twelve state-based groups took part in Hike the Hill last week, helping close out what has been a memorable September for the program. A total of 25 state credit union groups are participating in Hike the Hill throughout September and October, and League of Southeastern Credit Unions President/CEO Patrick La Pine told News Now that “it has never been more important” for credit unions to show their “political grassroots strength.” “Issues that could impact credit union operations for years to come are being debated and voted on this fall in Washington, D.C.,” and credit unions must not be “spectators on the sidelines” if they “want to affect a positive outcome,” La Pine added. Member business lending cap reforms, alternative capital, and the ongoing congressional conversation over general financial regulatory reform are topics for the credit union representatives. Reps. Paul Kanjorski (D-Pa.) and Ed Royce (R-Calif.) in late July introduced legislation that would increase the current statutory MBL cap of 12.25% to 25%, and while a vote on the legislation is not close on the horizon, it remains active in the House. The House and Senate also continue to work on their plans for financial regulatory reform, and sources have recently indicated that financial reform rules could be completed by the end of next month, with a view toward signing them into law by the end of the year.


RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
22 minutes ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
1 hour ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
3 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
4 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
4 hours ago