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
Hensarling names economy as top CU issue
WASHINGTON (3/22/12)--Democracy is a participatory sport and "few participate like those in the credit union movement," Rep. Jeb Hensarling (R-Texas) said on Wednesday.

Hensarling thanked the credit union representatives attending the Credit Union National Association's 2012 Governmental Affairs Conference for having their voices heard in Washington, D.C., and noted credit unions' work to help families and businesses in his district.

He said the top issue for credit unions is the economy, and said that the economy still needs help to improve.

Bureaucratic red tape and tax issues are holding the economy back somewhat, Hensarling said, adding that he will be "on the forefront of fighting for reasonable regulations."

The true cost of excess regulations can come in the form of reduced credit, stifled innovation and product development, and a loss of economic freedom, Hensarling said.

One of his top priorities, he added, is to repeal the Federal Reserve's debit interchange rule, which caps debit interchange fees at 21 cents for issuers with assets of $10 billion or more.


RSS





print
News Now LiveWire
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
59 minutes ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
1 hour ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
3 hours ago
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
17 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
21 hours ago