WASHINGTON — Officials of the two national credit union trade groups spent last week mostly working behind the scenes to shore up support for legislative efforts to provide regulatory relief for credit unions.
Lobbyists for CUNA and NAFCU said their meetings with top lawmakers and aides made them cautiously optimistic that some legislation will pass this year.
On May 2, both CUNA President Dan Mica and NAFCU President Fred Becker held separate meetings with House Financial Services Committee Chairman Barney Frank (D-Mass.), but Frank set no firm timetable on when legislation will be brought to the floor.
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