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News Now

Washington
CUs among Hills top 10 lobbying triumphs
WASHINGTON (12/21/09)--The Credit Union National Association's (CUNA) and credit unions' political advocacy efforts are listed among The Hill's 2009 "Top 10 lobbying triumphs." They even topped Google and AARP on the list. The Washington, D.C.-based publication noted that in a year of corporate belt-tightening and lobbyists being "shamed month after month by an administration determined to limit their access," that doors opened for some groups especially in healthcare, energy and financial regulation. "Some companies and trade groups emerged as clear winners," said The Hill (Dec. 18). No. 3 on the list is credit unions. CUNA "scored a slew of wins this year on financial reform," said the publication, adding, "With thousands of grassroots members, the credit unions mobilized throughout the year to press lawmakers against new restrictions on the industry." The Hill also cited other credit union efforts. They also "played a central role, alongside financial firms large and small, in stopping a proposal to give bankruptcy judges greater power to rewrite the terms of primary home mortgages. The House in March had passed the proposal, derided in the industry as "cramdown," but it failed in the Senate. Then it failed again in the House, with members citing small banks and credit unions as presenting persuasive arguments against the legislation," said The Hill. Others on the list were:
* The Pharmaceutical Research and Manufacturers of America; * Independent Community Bankers of America; * Edison Electric Institute; * Google; * General Electric/Rolls-Royce; * AARP; * Auto dealers; * Clean-tech; and * Boeing.
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