Search
 

Credit Unions Taken Aback by Bankers' Lobbying Prowess

Sad but true. Credit unions, which pride themselves on their grassroots capabilities, failed to turn out the impressive numbers the bankers did in the battle to get the Credit Union Regulatory Relief Act (H.R. 5519) through the House on the suspension calendar.

By Sarah Snell Cooke | Updated on May 06, 2008

Sad but true. Credit unions, which pride themselves on their grassroots capabilities, failed to turn out the impressive numbers the bankers did in the battle to get the Credit Union Regulatory Relief Act (H.R. 5519) through the House on the suspension calendar.

Of course, the bankers were aided by the fact that the Independent Community Bankers of America had 300 members in Washington, D.C., for its Governmental Affairs Conference. Add a couple hundred other bankers participating in organized fly-ins. And that calls into question whether this was their plan all along. This was the strongest display of the banks’ grassroots yet with undoubtedly more to come.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.