Wednesday, March 14, 2012

Common bond changes delayed in two states

Common bond legislation at the state level has been virtually killed in Nebraska and is in committee delays in Missouri.

The Nebraska Banking, Commerce and Insurance Committee has indefinitely postponed LB 89 on an 8-0 vote. That bill would have expanded the common bond for state-chartered credit unions to include "persons residing within a well-defined neighborhood, community or rural district." It would also have given the Nebraska director of the department of …

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