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
Warren praises CUs may head to Banking Committee
WASHINGTON (11/16/12)--In her victory speech the night of the Nov. 7 federal elections--now on YouTube and being circulated by the Massachusetts Credit Union League--Senator-elect Elizabeth Warren (D-Mass.) thanked credit unions for their support.

In including credit unions in her long list of thank yous, Warren said, ""Credit unions…yes…love my credit unions.'' She added that "all of you have my back and I promise you, I'll have your back."

Warren, a Harvard Law School professor who conceived and helped set up the Consumer Financial Protection Bureau (CFPB), was endorsed by the Massachusetts league.

According to Politico and other publications, Warren has received support from key Senate lawmakers, including Banking Committee Chairman Tim Johnson (D-S.D.), to join that panel if she is interested. The committee has oversight of credit unions and other financial institutions.

When announcing the league endorsement in July, Massachusetts league President Daniel Egan said Warren "has been a strong and vocal proponent of the benefits that credit unions provide to working families across the Commonwealth and around the country."

He added, "It is our hope and expectation that Elizabeth will be a United States Senator who will ensure that credit unions and their members have an advocate in the Senate because the big banks in this country already have enough of them."

The Credit Union National Association worked closely with Warren while she was setting up the CFPB and has developed a good working relationship with her.

Warren defeated Sen. Scott Brown (R-Mass.) 54%-46%.
Other Resources

RSS





print
News Now LiveWire
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 hour ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 hour ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
1 hour ago
62% worry about financial stability: @CUNAMutualGroup study http://t.co/5jCM1I1hnA
2 hours ago
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
4 hours ago