Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: GSE-reform PATH Act Is Offcially Introduced in House
WASHINGTON (7/22/13, UPDATED 4:15 p.m. ET)--The Protecting American Taxpayers and Homeowners--or PATH--Act, unveiled by House Financial Services Committee Chair Jeb Hensarling (R-Texas) on July 11, has now been formally introduced in the House.

It was introduced by Rep. Scott Garrett, a Republican representing New Jersey.
 
The housing finance reform bill, now H.R. 2767, was subject to a Financial Services Committee hearing last week and is scheduled for markup starting tomorrow morning at 10:15 a.m. (ET).
 
During last week's hearing, it was clear that there was a partisan divide regarding support for the bill. Republican committee members mostly hailed it as the way to "create a sustainable housing finance system." Many Democrats expressed worry that it would kill availability of the traditional 30-year, fixed rate mortgage for many Americans.
 
Also on housing, on the Senate side, Credit Union National Association Chief Economist Bill Hampel is scheduled to testify Tuesday before a Senate Banking subcommittee on the topic of  "Creating a Housing Finance System Built to Last: Ensuring Access for Community Institutions."


RSS print
News Now LiveWire
Even 1 step makes a difference in preparing for disasters #creditunions #NewsNow http://t.co/eFUmMJnIwA
1 hours ago
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
2 hours ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
4 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
4 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
5 hours ago