Federal Legislation Facing Industry Moves Forward

By Potts, Gregory | THE JOURNAL RECORD, May 26, 1998 | Go to article overview

Federal Legislation Facing Industry Moves Forward


Potts, Gregory, THE JOURNAL RECORD


The two hot-button pieces of federal legislation facing the financial services sector -- House Resolution 10, The Financial Modernization Act, and H.R. 1151, the Credit Union Membership Access Act -- continue to inch forward. Both have the potential to dramatically reshape the industry. And both have been opposed by bankers.

H.R. 10 squeaked by May 13 in a House floor vote, 214-213, and is awaiting approval from the Senate Banking Committee. Recreated several times during months of debate, it still faces opposition from the American Bankers Association, on the grounds that it damages the national charter, inhibits provision of consumer services such as insurance sales, and adds to the regulatory burden. The bill is supported by other financial services areas, such as savings and loans and the securities industry.

H.R. 1151 passed overwhelmingly through the House April 1 in a 411-8 vote and then swept through the Senate Banking Committee April 30 by a vote of 16-2. It is awaiting a Senate floor vote. President Clinton has vowed his support for this bill, which effectively nullifies a February U.S. Supreme Court ruling that credit unions had overstepped their bounds in allowing multiple membership groups. This bill would legalize a practice used in the credit union industry since 1982. People Robert Harris, former chief executive officer of the Oklahoma Bankers Association, has joined the board of Pulse EFT, a not-for- profit shared regional electronic funds transfer network. Harris currently serves as president and CEO of the Austin-based Texas Bankers Association. Also added to the board was Bruce Zimmerman, exeuctive vice president of retail banking for Chase Bank of Texas in Houston. MidFirst Bank has added a new vice president and two assistant vice presidents. * Bob Horn has been promoted to vice president and director of corporate deposit and cash management services. Horn joined MidFirst earlier this year, bringing with him 30 years of cash management experience with several banks in Oklahoma and Wisconsin. Since joining MidFirst, he has been responsible for product development, consulting, sales marketing, and installation of the bank's non- credit oriented commercial services in Oklahoma. * Jack Evans, promoted to assistant vice president, will be responsible for bidding on servicing acquisitions deals. Since joining MidFirst in 1994, Evans has served as a financial analyst and senior financial analyst in the Servicing Acquisition Department. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Federal Legislation Facing Industry Moves Forward
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.