With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.
Credit union grassroots key with House committee meeting today
June 13, 2022 / By ICBA
With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.
With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.
Grassroots Alert: Community bankers can use ICBA’s Be Heard grassroots action center to send in custom messages to their lawmakers opposing the Expanding Financial Access for Underserved Communities Act (H.R. 7003).
ICBA Letter: ICBA said in a letter to the panel last week that H.R. 7003 is a “poison pill” that would expand the fields of membership and commercial lending powers of tax-exempt credit unions without ensuring they serve low-income individuals.
House Markup: Meanwhile, ICBA is urging community bankers with representatives on the House Financial Services Committee to speak out on several bills the panel is set to consider tomorrow. ICBA offers a customizable action alert to help these community bankers express support for a bill to close the industrial loan company loophole and opposition to harmful overdraft, payments, and small-business restrictions.
More: In a Medium op-ed last week, ICBA President and CEO Rebeca Romero Rainey cited H.R. 7003 and wrote that Congress should join the growing number of states pushing back against credit union overreach.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
