Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Slow week for CUs in Washington
WASHINGTON (11/8/11)--Members of the U.S. House have left Washington for Veteran's Day recess, and with only the Senate in town, the legislative calendar is expected to be light this week.

The most relevant action for credit unions will likely be a Thursday Senate Banking Committee hearing entitled "Opportunities and Challenges for Economic Development in Indian Country." Business, finance and community representatives will testify alongside Federal Reserve Bank of Minneapolis Community Development Advisor Sue Woodrow during that hearing, which is scheduled to begin at 10:00 a.m. ET.

H.R. 674, a bill that would amend the Internal Revenue Code of 1986 to repeal the imposition of 3% withholding on certain payments made to vendors by government entities, and would modify adjusted gross income calculations that are used to determine eligibility for some healthcare-related programs, is also expected to come up in the Senate. This legislation has passed the House. The Senate will also consider adding an amendment to boost tax credits to businesses that hire veterans.


RSS print
News Now LiveWire
NCUA confirmed earlier indications that there would be no National Credit Union Share Insurance Fund premium for 2014.
13 hours ago
.@NJCUL supported prized-linked savings legislation introduced in New Jersey state Senate.
13 hours ago
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
20 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
21 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
22 hours ago