Northwest credit union supporters fanned out to meet with Congressional leaders Wednesday. The delegation is urging more support for initiatives that will provide affordable credit to consumers and stimulate jobs growth.
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The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement, including updates on the FHFA, CFPB and events significant to the credit union regulatory landscape.
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The IRS sent a letter of correction to credit unions that had been erroneously informed last year that they had lost their tax-exempt status due to a filing error.
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Tagged:
Federal
| Posted On: 02/09/2012
Rep. Barney Frank, D-Mass., announced Monday that he would not seek reelection next November. One of the key architects of the Dodd-Frank Financial Regulatory Reform Act, Frank was “a friend to credit unions,†according to CUNA President/CEO Bill Cheney.
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Tagged:
Federal
| Posted On: 11/29/2011
Congressional recess provides an opportunity for credit unions to lobby their delegations on home turf. Legislation to increase the cap on Member Business Loans is a priority.
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Tagged:
Federal
| Posted On: 08/08/2011
A primary election is scheduled November 8th to begin the process of replacing Oregon Congressman David Wu. A general election will follow January 31st. Wu’s resignation became effective at 11:59 Wednesday night, after he resigned in the midst of a scandal.
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Tagged:
Federal
| Posted On: 08/04/2011
Governor John Kitzhaber announced publically that he intends to announce a date for a special primary election for the 1st District seat that will give the Secretary of State sufficient time for an election.
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David Wu’s announcement comes after allegations of improper relations with a contributor’s daughter.
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This federal legislative update covers the deficit wrangling in Washington, DC as officials scramble to reach an agreement ahead of the August 2 deadline.
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Some Wall Street giants are preparing to cut their use of U.S. Treasuries in favor of cash on hand as a precaution.
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