WASHIGNTON (5/5/08)—The Credit Union National Association (CUNA) met Friday with House Financial Services Committee Chairman Barney Frank (D-Mass.) and his staff to address the next steps for the Credit Union Regulatory Relief Act (CURRA, H.R. 5519).
CUNA President/CEO Dan Mica said the session was productive and discussions lasted about an hour. Mica noted after the meeting that the bill now is in the hands of the committee chairman.
"There is nothing more we can do at this time for CURRA," Mica said. "Our focus has turned completely to the broader Credit Union Regulatory Improvements Act, known as CURIA in both the House and Senate." The package has 149 sponsors in the house and was introduced in the Senate just last week by Sen. Joseph Lieberman (I-Conn.).