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News Now

Washington
Congress this week Recess returns
WASHINGTON (2/16/10)--As Washington continues to dig out from the recent snows, the U.S. Congress remains quiet, with both the House and Senate taking their first recesses of 2010. Still, a number of issues that are of importance to credit unions, including financial regulatory reforms and member business lending, remain on the horizon. While the exact legislative vehicle has not yet been determined, the Credit Union National Association (CUNA) continues to look for legislation to carry reforms of the current MBL rules. CUNA also expects a House Financial Services Committee/House Small Business Committee joint hearing on the "Condition of Small Business and Commercial Real Estate Lending in Local Communities” to be rescheduled for late next week.


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