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
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago