WASHINGTON — In light of protests from the banking lobby and concerns that it might not pass, the House leadership has postponed today's scheduled vote on the Credit Union Regulatory Relief Act.
A vote on CURRA (H.R. 5519) has not been rescheduled yet, though lobbyists for both major trade associations said they were optimistic that it will take place later this session.
The bankers' concerns–which centered on their belief that the measure gave credit unions permission to provide more services that would provide competition to banks–were a potential stumbling block because had a roll call vote been required, the measure would have needed a two-thirds majority.
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