In 1908, Filene and Massachusetts banking commissioner Pierre Jay, helped organize public hearings on creating credit union legislation in Massachusetts.
In 1908, as Massachusetts banking commissioner, he, along with Bostonian business man and philanthropist Edward Filene, helped organize public hearings on creating credit union legislation in Massachusetts, leading to the passage of the Massachusetts Credit Union Act in 1909.
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Pierre Jay (May 4, 1870 – November 24, 1949) was the first chairman of the Federal Reserve Bank of New York.
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