WASHINGTON — House Financial Services Committee Chairman Barney Frank (D-Mass.) reiterated once again that he plans to hold a full committee hearing on the Credit Union Regulatory Improvements Act (H.R. 1537) this fall.
However, only time will tell on any further forward progress with the credit union flagship bill. "I do not think there is any significant chance CURIA as it is in its entirety can pass both houses," Frank said, but challenged his audience to prove him wrong.
"There is a lot of support for credit unions but in its current form, it's very controversial," he said. With the 51D-49R split in the Senate, controversial items take extra finessing to get over the 60-vote hump.
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