WASHINGTON (7/22/15, UPDATED 8:15 a.m. ET)--The House Financial Services subcommittee on financial institutions and consumer credit is moving its National Credit Union Administration hearing up a day: It is now scheduled for Thursday at 2 p.m. (ET).
The hearing, at which NCUA Chair Debbie Matz is the sole witness, was originally scheduled for Friday. However, the House now is expected to adjourn Thursday night, after completing final floor votes scheduled for the week.
In advance of the hearing, CUNA has met with subcommittee members and staff to detail opportunities for regulatory relief from the agency. As Ryan Donovan, CUNA chief policy officer recently observed, "It’s been about six years since the NCUA last held a hearing on its budget, and it’s been about four years since an NCUA chairman has testified before the House Financial Services Committee."
This hearing, he said, will provide members of Congress, particularly those on the financial institutions and consumer credit subcommittee, a chance to explore that topic and several others.
Watch News Now for hearing details.
The NCUA says that the scheduled 10 a.m. Thursday open board meeting will go off as scheduled.