CUNA will be engaged with a Senate Banking Committee hearing on implementation of S. 2155, the markup of a data breach notification bill and other activities on Capitol Hill this week. NCUA Chairman J. Mark McWatters will be among federal financial regulators who will be testifying before the Senate Banking Committee Thursday on implementation of S. 2155, which contains several regulatory relief provisions from credit unions.
NCUA has already finalized a rule making the changes in S. 2155. Bureau of Consumer Financial Protection Acting Director Mick Mulvaney will not appear at the testimony, nor is anyone from the bureau scheduled to appear.
On Thursday, the House Financial Services Committee will conduct a markup of several bills, including a data breach notification bill introduced last week.