Legislation Changes Impacting Checking Accounts in Credit Unions
- Identifier:
- CAC_CC_109_4_22_23_0020
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Legislation Changes Impacting Checking Accounts in Credit Unions
- Date Created:
- 1979-04-20
- EDTF:
- 1979-04-20
- Creator:
- unknown
- Rights:
- http://rightsstatements.org/vocab/NKC/1.0/
- Language:
- eng
- Record Type:
- correspondence
- Collection:
- James R. Jones Collection
- Collection Finding Aid:
- https://arc.libraryhost.com/repositories/3/resources/70
- Description:
- The document discusses a recent court ruling and proposed legislation related to checking accounts in credit unions. The United States Court of Appeals ruled certain financial transactions illegal, including bank, savings and loan, and credit union systems. A bill, H.R. 3864, was introduced to allow interest payments on demand checking accounts and give credit unions the ability to offer checking accounts. The House Banking Committee held hearings on the bill, with markup beginning on July 12. The status of the bill is uncertain, and the writer will monitor the situation and consider input from stakeholders.
- Topic:
- Business--United States, Vietnam War, 1961-1975
- Congress:
- 96th (1979-1981)
- Physical Location:
- CAC_CC_109_4_0000, Box 22, Folder 23, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
- Location Represented:
- Oklahoma (state), United States (nation)
- Type:
- Text
- Extent:
- 3 Pages
