President Obama to Use Recess Appointment to Install CFPB Director

The White House will install Richard Cordray as director of the CFPB after Congress failed to act on Cordray’s nomination, a move that NWCUA CEO John Annaloro described as “awakening a new beast” on the regulatory front.

Federal Update: August Recess for Congress

Congressional recess provides an opportunity for credit unions to lobby their delegations on home turf. Legislation to increase the cap on Member Business Loans is a priority.