Political Quotes

On the recordMay 6, 2014
I thank my friend, Mr. Royce of California, for his remarks, and I yield myself such time as I may consume. As I say: ``Two Eds are better than one.'' So we will start with that. This bill is designed to create parity between certain accounts held at credit unions and those held at FDIC insured banks. As a preliminary matter, I introduce into the Record six letters. The first is a letter dated September 17, 1996, signed by Richard Schulman, the associate general counsel of the National Credit Union Administration. Second is a letter dated October 8, 2008. That is from Sheila A. Albin, associate general counsel. A letter dated May 6, 2014, from the American Bar Association, signed by the president, James R. Silkenat. A letter dated May 5, 2014, signed by Brad Thaler of the National Association of Federal Credit Unions. A letter dated May 5, 2014, signed by Bill Cheney, president of the Credit Union National Association. And finally, a letter signed by Scott Earl from Mountain West Credit Union Association. September 17, 1996. Re Interest on Lawyers Trust Accounts (``IOLTA''), (Your August 22, 1996, Letter) Elyse E. Rogers, Esq., Mette, Evans & Woodside, Harrisburg, PA. Dear Ms. Rogers: In your letter, you requested our opinion as to whether Pennsylvania attorneys can maintain client trust funds, in association with Pennsylvania's IOLTA Program, in share draft accounts at credit unions regulated by the National Credit Union Administration.…
Said by
Ed Perlmutter
Democratic · Colorado
Source
govinfo.gov
May 6, 2014

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