October 30, 2013
Wednesday Edition
Sink to run for Rep. Young's Florida seat

Former Florida Chief Financial Officer and gubernatorial candidate Alex Sink told the Tampa Bay Times on Tuesday that she will run for the late Rep. Bill Young's Congressional seat. She will run on the Democratic ticket. Republicans had already begun viewing Sink as their chief opponent for the seat.

Sink told the Times that her record shows she can get things done. She also says that Washington needs help.

“Washington’s broken. And I, like everybody else I know, is angry and mad about the logjam, about shutting down the government, about not understanding the impact it was going to have on small businesses and people. The people up there just don’t seem to be able to work together,” Sink told the Times.

“I’m somebody who’s solved problems, has a long history of working with Republicans and Democrats to get things done,” said Sink.

The offices of the governor and Pinellas elections supervisor are looking to schedule the primary for Jan. 14 and the general election for March 11. The winner of that special election could face another election less than six months later — an Aug. 26 primary, then a general election on Nov. 4, 2014.

You can read the full Tampa Bay Times story by clicking here. Rep. Bill Young (R) passed away earlier this month. 

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DTMCU Spanish webinar is today

With many credit unions serving Spanish speaking members, CUNA has converted it's successful Don't Tax My Credit Union program into Spanish. This is very beneficial to many credit unions. The free webinar, today from 2 - 3pm CT, will show credit unions how to engage Spanish-speaking members to help protect the credit union tax status.

CUNA is teaming up with Coopera to engage in bilingual political advocacy, beginning with "No Le Cobren Impuestos a Mi Credit Union," a complete, Spanish-language version of the "Don't Tax My Credit Union" campaign.

Some of the key resources include:

  • A video and website, www.NoImpuestosAMiCU.org
  • Form letters that members can send to Congress
  • A Spanish option on the toll-free number, 877.642.4223
  • Instructions for social media engagement
  • Graphics, poster, statement stuffer, flyer

There is still time to register. Visit CUNA's website to reserve your spot in this webinar.

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Alabama update

Vance appointed financial services chairman
Alabama House Speaker Mike Hubbard has appointed Rep. Lesley Vance (R-Phenix City) chairman of the House Financial Services Committee. For the past three years, Vance served as vice-chairman of the committee and was the chairman for the four years prior. The former chairman, Rep. Steve Clouse (R-Ozark), was recently appointed as chairman of the House Ways and Means General Fund Committee. Rep. Vance’s district, HD 80, covers parts of Lee and Russell Counties in east Alabama.

State Senator Bryan Taylor will not seek re-election
In a surprising move, state Sen. Bryan Taylor (R-Prattville) announced that he will not seek re-election in 2014, citing a desire to spend more time with his family. Suzelle Josey, a former spokesperson for Alabama Chief Justice Roy Moore, has already announced plans to run for the newly open seat.

State Rep. Paul DeMarco Announces for AL-06

State Rep. Paul DeMarco (R-Homewood) announced he plans to run for Alabama’s 6th Congressional District, the seat currently held by retiring Rep. Spencer Bachus. DeMarco is an attorney in the Birmingham area and has looked for the opportunity to go to Washington, D.C. Orthopedic surgeon Chad Mathis and Alabama Policy Institute Director Gary Palmer announced their candidacies earlier as DeMarco joins an already crowded Republican primary.

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Florida capitol report

Florida completes 110,000 foreclosures through August
According to a report released by CoreLogic on Oct. 8, there were 110,000 foreclosures completed in Florida for the 12-month period ending in August, 2013. Florida had the most completed foreclosures among the 50 states, with the next closest state, Michigan, completing 60,000 foreclosures for the period. Despite completing many foreclosures, Florida still has the highest inventory of homes in foreclosure: About 7.9 percent of mortgaged homes were in foreclosure as of August.

Crist to share plans on Nov. 4
The Florida Current reports that former Gov. Charlie Crist will formally announce his plans for 2014 at a rally in St. Petersburg on Nov. 4. Although stopping just short of announcing his candidacy, he told Florida Democrats at their Lake Buena Vista conference on Oct. 26, that “hope is coming.” Meanwhile, Gov. Scott told the Florida Federation of Republican Women on Oct. 27, he expects the 2014 gubernatorial election to be the “biggest race in the country,” according to The Florida Current.

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CUNA: CU expert must be part of expanded CFPB leadership

CUNA said in a letter on Tuesday that credit union expertise must be included if the U.S. Congress moves to replace the single director of the Consumer Financial Protection Bureau with a broader multi-member commission.

The letter was submitted as a statement for the record of today's House Financial Services financial institutions and consumer credit subcommittee hearing entitled "Examining Legislative Proposals to Reform the Consumer Financial Protection Bureau."

Legislation that would replace CFPB Director Richard Cordray with a five-member panel is one of the bills scheduled to be discussed during the hearing. CUNA has recommended committee members consider expanding the board even further and including a seat "specifically for a person with experience related to credit unions."

"Expanding the scope of experience in this manner would enhance the quality of regulations promulgated by the CFPB by ensuring both the consumer perspective, as well as the industry perspective are represented in the decision-making process," CUNA President/CEO Bill Cheney wrote.

Click here to read the letter in its entirety.

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    In This Issue
    Wednesday Edition
    Sink to run for Rep. Young's Florida seat
    DTMCU Spanish webinar is today
    Alabama update
    Florida capitol report
    CUNA: CU expert must be part of expanded CFPB leadership
    LSCU & Affiliates Media


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