WASHINGTON (9/29/09)--Calling credit unions “responsible and thoughtful citizens,” House Financial Services Committee Chairman Barney Frank (D-Mass.) in Sunday’s Washington Post said that those financial institutions played no part in the abuses that created the need for the current financial regulatory debate that continues in Congress. “If we only had community banks and credit unions, we wouldn't be in this problem,” Frank added, noting that these financial institutions have strength in numbers “because they're in everybody's district." Frank and fellow Rep. Carolyn Maloney (D-N.Y.) recently announced legislation what would move up the date that Credit Card Accountability, Responsibility and Disclosure (CARD) Act provisions go into effect to December from the previous effective date of February, and Frank has said that the House could pass this legislation in the coming weeks. Frank and his House and Senate colleagues also continue their work on financial regulatory reform, which Frank has said could be completed by the end of October.