WASHINGTON–The Credit Union Regulatory Improvements Act (H.R. 1537) is on the cusp of reaching the centurial mark.
With the addition of Republican Congressmen Darrell Issa (Calif.) and Peter Roskam (Ill.), CURIA now has 99 co-sponsors backing the bill. It had 125 co-sponsors sign up over he two years of the 109th Congress but now it is nearing 100 in not yet three months.
CURIA has spawned strong opposition from the bankers and determined advocacy from the credit union side, including CUNA's Little Guy campaign. Credit unions have said the bill will help them better serve their members while the banks are arguing that CURIA is an expansion of powers for credit unions that are already beyond their tax-exempt purpose.
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