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
Johnson Notes CUs' Role In National Recovery
WASHINGTON (3/22/12)--Senate Banking Committee Chairman Tim Johnson said Wednesday that the No. 1 priority of his panel is the "continued recovery of the national economy."

In a video address to the Credit Union National Association's Governmental Affairs Conference, he said, "Credit unions are playing an important role in that recovery and, as you know, across the nation nearly one in three Americans rely on the services you provide.

"In my home state of South Dakota, I have seen how credit unions strengthen communities by investing in their members' success and I thank you."

Johnson said overseeing the implementation of the 2010 Dodd-Frank Wall Street Reform Act will remain a committee priority.

"I am especially aware of avoiding unintended consequences. As you well know, credit unions did not cause the financial crisis and we are working to make sure they are not overly burdened by the (reform) law," he said.

On the topic of credit union member business lending, Johnson noted that the Senate did not vote last year on a bill to increases the cap and he added that he expects the debate to continue in this session of Congress.


RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
9 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
10 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
11 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
13 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
13 hours ago