On Tuesday, January 3, 2017, members of the 115th Congress were sworn in on Capitol Hill. The Kansas and Missouri delegations included U.S. Rep. Roger Marshall (R-KS District 1), the newest member of the Kansas delegation.
Credit unions are negatively impacted by regulatory burdens stemming from the Dodd-Frank Act, and the effects are growing. As more and more resources are directed to comply with growing regulatory requirements, there are less funds available to assist credit union members - a direct impact on consumers.
Credit unions have some needed regulatory relief with the passage of the Fixing America’s Surface Transportation (FAST) Act, a five-year, $305 billion highway funding package that includes three key provisions affecting credit unions.
Twelve credit union leaders from Missouri visited Washington, D.C. for Hike the Hill October 1-3. Despite the onset of the government shutdown, credit union representatives met with all but one federal lawmaker during the week and focused on the importance of credit unions' tax status.