Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Parity for CUs at issue in Senate vote says CUNA
WASHINGTON (3/26/09)—The U.S. Senate voted 49-48 against an amendment Wednesday that would have increased the Federal Deposit Insurance Corp. (FDIC) borrowing authority to as much as $500 billion. The final vote against the bill was, in part, caused by some lawmakers’objection that the amendment was not gemane to the bill being considered, H.R. 1388, which would reauthorize and reform the national service laws. However, Ryan Donovan, vice president of legislative affairs for the Credit Union National Association, said the amendment’s lack of parity for the credit union system also seemed to be at issue for some. "We understand from our conversations with a number of folks on Capitol Hill that one the reasons that the amendment was not agreed to had to do with the fact that a similar remedy for credit unions was not included in the language."


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
10 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
11 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
13 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
14 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
14 hours ago