Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Congress back CUNA heat on CUBTRRA interchange
WASHINGTON (9/8/08)—Congress returns to session this week after a month-long recess that spanned the Democratic National Convention (DNC) and the Republican National Convention (RNC), and both houses of Congress have set Sept. 26 as their targeted adjournment date for the year. “The rest of the House and Senate calendar year is short, but promises to be intense,” assessed John Magill, senior vice president of legislative affairs for the Credit Union National Association (CUNA). Magill said CUNA will keep the heat on its two year-end priority issues: passage of the Credit Union Bank and Thrift Regulatory Relief Act CUBTRRA); and dissuading lawmakers from allowing government interference in interchange fees. Both issues were key topics for credit unions at the DNC in Denver, Colo. and RNC in St. Paul, Minn. In discussions with lawmakers at the convention, CUNA continued to promote opposition to a bill that would give merchants an antitrust exemption to negotiate interchange fees. CUNA also encouraged support for credit union regulatory relief at every opportunity. CUNA will continue those efforts as lawmakers return to Washington and will also work during the final few weeks left in the legislative session to push for passage of CUBTRRA. “We haven’t given up hope for final passage this year,” says CUNA Vice President of Legislative Affairs Ryan Donovan, who put the chances for passage in 2008 at about thirty percent.


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
7 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
7 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
8 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
8 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
11 hours ago