WASHINGTON — The Credit Union Regulatory Improvements Act (H.R. 1537) is not just on the mind of a few assorted members of Congress.
Congressman Brad Ellsworth, (D-Ind.) has become the 143rd co-sponsor of the legislation.
Introduced by Congressman Paul Kanjorski (D-Pa.), the legislation will provide much needed regulatory enhancements for credit unions including increased member business lending, risk-based capital, expanded service to underserved areas, increased voter participation requirements in conversions to mutual savings banks, and other revisions.
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Ellsworth was not available for comment at deadline.
CURIA has been an example of truly bi-partisan legislation with members on both sides of the aisle endorsing the legislation.
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