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
CUs cover challenges in Texas field hearing
WASHINGTON (3/13/12)--Credit union concerns will be heard at a Wednesday House Financial Services financial institutions and consumer credit subcommittee field hearing on the challenges facing small financial institutions in Texas.

This hearing will be held in San Antonio, Texas.  Maria Martinez, president/CEO of Border FCU, Del Rio, Texas and Robert Glenn, president/CEO of Air Force FCU, of San Antonio, will testify alongside other finance industry representatives.

The subcommittee has also scheduled a Thursday Las Vegas, Nevada-based hearing on potential private sector solutions to foreclosure issues, and Sue Longson of El Monte, California-based SCE FCU will testify at that hearing.

The following hearings have also been scheduled:
  • A Wednesday Senate Banking financial institutions subcommittee hearing on pre-paid card issues; and
  • A Thursday Senate Banking housing, transportation and community development subcommittee hearing on how to strengthen the housing market while minimizing taxpayer losses.
The House is on recess this week, but the Senate continues to consider its transportation bill.

The Senate's developing jobs bill could also be released this week, and CUNA is working to include Sen. Mark Udall's member business lending legislation (S. 509) as part of that bill. S. 509 would increase the MBL cap from 12.25% to 27.5% of assets. CUNA has estimated that increasing the MBL cap to 27.5% of assets would inject $13 billion in new funds into the economy, creating as many as 140,000 new jobs, at no cost to taxpayers.

CUNA and credit union leagues have encouraged supporters to contact their legislators and urge them to support S. 509.

To join CUNA's MBL call to action, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Consumers depending heavily on financing for new autos: 84% look for loans says @Experian http://t.co/iV93NSdp0x
5 hours ago
Consumer credit ticks up slightly in Jan http://t.co/nAmR7fyGLi
7 hours ago
RT @cumagazine: Make a good impression during your #CUNAGAC Hill visits: 8 tips http://t.co/C4gtRbQG2s
8 hours ago
Taking a walkthrough before #CUNAGAC starts this weekend. http://t.co/k9hktHjm9b
9 hours ago
There will be lots of social media action at 2015 #CUNAGAC that starts in D.C. this Sunday. http://t.co/vyP4XbtFbk
9 hours ago