With a vote on the compromised bill coming to the House as early as this afternoon the credit union community has continued its lobby against the measure. The bill allows bankruptcy courts the authority to modify mortgages.
The credit union lobby has strongly opposed and continues to oppose cramdowns. In polling the vast majority of credit union professional views it as a bad deal for the credit union community.
More Information on www.cuinsight.com.
Randall C. Smith - Managing Editor
CUiNSIGHT.com
Thursday, March 5, 2009
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