Flood; Ms. Warren
Posted by Anthony Demangone
Flood.  The Senate has passed legislation (WSJ.com)  that would extend the National Flood Insurance Plan through September 30, 2011.  The bill now sits before the House for its consideration.
Ms. Warren. Â She spoke before NAFCU's Congressional Caucus before meeting with our Board of Directors. Â Ms. Warren's comments were general and very friendly to the audience. Â While she admitted that her goal was to create a level playing field between consumers and financial institutions, she also said her goal was to create an even playing field among different financial institutions as well. Â Her implication was clear. Â Bad actor-financial institutions will be targeted, and credit unions should be better off as a result. Â Only time will tell. Â Here are some other outlets that reported on her speech. Â
As I sat in the front row, I hastily took this photo with my trusty Blackberry. Â For the entirety of her speech, I was sending her this mental message: Credit unions are the most-consumer friendly financial institution in America. Â Focus on check cashers, car title businesses, and the like. Â I'm sure our board gave some sort of similar message along those lines, only they did so vocally and without mental trickery.Â
