CFPB reform markup, digital assets hearings this week
April 24, 2023
The U.S. House will address debt ceiling legislation with the Limit, Save, Grow Act of 2023. In addition, members will work on H.J. Res. 39, disapproving the rule submitted by the Department of Commerce relating to “Procedures Covering Suspension of Liquidation, Duties and Estimated Duties in Accord with Presidential Proclamation 10414.”
In addition to the Senate processing several judicial nominations, there is a full committee hearing schedule in the House. It starts on Wednesday with the House Financial Services Committee holding a markup of capital formation and CFPB reform legislation.
Other hearings CUNA is engaged with this week:
Wednesday, 10 a.m. ET, Senate Banking, Housing and Urban Affairs Committee will hold hearing: "Building Consensus to Address Housing Challenges."
Wednesday, 3:30 p.m. ET, Senate Small Business and Entrepreneurship Committee will hold hearing: "Oversight of SBA’s Implementation of Final Rules to Expand Access to Capital."
Thursday, 10 a.m. ET, Senate Banking, Housing and Urban Affairs Committee will hold hearing: "Oversight of the Credit Reporting Agencies."
Thursday, 2 p.m. ET, House Committee on Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development hearing: "The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation."
Thursday, 2 p.m. ET, House Committee on Energy and Commerce Subcommittee on Innovation, Data, and Commerce hearing: "Addressing America's Data Privacy Shortfalls: How a National Standard Fills Gaps to Protect Americans' Personal Information."
Thursday, 2 p.m. ET, House Committee on Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions hearing: "Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)."
Thursday, 2 p.m. ET, House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion hearing: "The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure."
Friday, 9 a.m. ET, House Committee on Financial Services Subcommittee on Housing and Insurance holdshearing: "The Reauthorization of the National Flood Insurance Program: FEMA's Perspective."
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
