Rep. Jeff Miller will not seek re-election

Credit unions are losing a supporter in the U.S. House. Rep. Jeff Miller (R-FL) announced on Thursday that he will not seek re-election. He will serve out the rest of his term through December of this year. In a statement, he thanked his first district for electing him and listed some of his accomplishments including […]

Update to Alabama State Act passes Senate committee

A priority bill for credit unions in Alabama continues to move forward. The Alabama House Financial Services Committee gave favorable reports to both HB 367 and SB 209, the update to the Alabama State Credit Union Act. The bills, which are sponsored by Rep. Ken Johnson (R-Moulton) and Sen. Bill Holtzclaw (R-Madison), passed unanimously. They […]

Alabama and Florida delegations get behind CFPB letter

Alabama and Florida credit unions now have 25 members of Congress that have signed a “Dear Colleague” letter asking the CFPB to exempt credit unions from some of its rule making. The letter, authored by Reps. Adam Schiff (D-CA) and Steve Stivers (R-OH), specifically asks CFPB Director Richard Cordray to use the Dodd-Frank Act authority […]

Credit union bills pass AL, FL senates

Credit unions in Alabama and Florida had a good day in their respective legislatures on Thursday. In Alabama, SB 209, the Alabama Credit Union Act update, sponsored by Sen. Bill Holtzclaw (R-Madison), passed by a 25-0 vote in the Senate. The bill was added to the Senate calendar Thursday morning and was the final piece […]