WASHINGTON — The entire Georgia congressional delegation has written House Financial Services Committee Chairman Barney Frank (D-Mass.) and Ranking Member Spencer Bachus (R-Ala.) encouraging them to hold a hearing on the Credit Union Regulatory Improvements Act (H.R. 1537).
"Over the years, each of us has met with representatives from credit unions and banks. These meetings usually end with no action items and no progress made between the credit unions and banks…" the letter signed by all 13 members of the House from Georgia read. A committee hearing, they said, "is the next logical step in helping resolve the debate on this legislation."
"It is important for Congress to proactively bring credit unions and banks before the committee in order to begin the constructive dialogue with the hope of coming to a resolution."
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The letter came less than a month after the Georgia Credit Union Affiliates' Hike the Hill last month. A similar letter was recently worked out between some of the Texas delegation and CUNA and the Texas Credit Union League.
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