Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Hensarling names economy as top CU issue
WASHINGTON (3/22/12)--Democracy is a participatory sport and "few participate like those in the credit union movement," Rep. Jeb Hensarling (R-Texas) said on Wednesday.

Hensarling thanked the credit union representatives attending the Credit Union National Association's 2012 Governmental Affairs Conference for having their voices heard in Washington, D.C., and noted credit unions' work to help families and businesses in his district.

He said the top issue for credit unions is the economy, and said that the economy still needs help to improve.

Bureaucratic red tape and tax issues are holding the economy back somewhat, Hensarling said, adding that he will be "on the forefront of fighting for reasonable regulations."

The true cost of excess regulations can come in the form of reduced credit, stifled innovation and product development, and a loss of economic freedom, Hensarling said.

One of his top priorities, he added, is to repeal the Federal Reserve's debit interchange rule, which caps debit interchange fees at 21 cents for issuers with assets of $10 billion or more.


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
13 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
14 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
15 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
16 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
16 hours ago