Senate defense bill omits contentious credit union proposals

For credit unions, the items left out of the new Senate version of the defense authorization bill are more notable than the measure’s contents.

Yes, the bill takes up more than 560 pages of small type in the Congressional Record. And yes, it includes language that reauthorizes all sorts of non-defense programs.

But it does not include a provision in the House defense bill that would give the NCUA examination and supervision powers over third party vendors.

It also does not include controversial credit card interchange language that some senators want added to the bill.


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