Rep. Spencer Bachus (R-AL), chairman of the House Financial Institutions Subcommittee, said he was "tremendously impressed" with credit union efforts to serve their local communities. "You should be proud of what you've done," he said.
Bachus said he expected movement on the Financial Services Regulatory Relief Act of 2003 (H.R. 1375) by the full House "within the month," and that the House Financial Services Committee will hold hearings on the Credit Union Regulatory Improvements Act (CURIA) this spring.
