WASHINGTON — Credit unions and their congressional allies are trying to determine their next move after House leaders canceled last week's scheduled vote on the Credit Union Regulatory Relief Act, after an all-out lobbying campaign by the bankers.
A vote on CURRA (H.R. 5519) has not been rescheduled yet, though several lobbyists for credit union trade associations were scheduled to meet after press time with House Financial Services Committee Chairman Barney Frank (D-Mass.) to discuss what happens next.
"We're optimistic that something will be passed this session, but it's difficult because the banks created a lot of controversy and are misrepresenting what the bill does," said Brad Thaler, director of legislative affairs for NAFCU.
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