WASHINGTON (9/16/14)--This week likely marks the final pre-election sessions for Congress, and while the top priority is to pass a bill to fund the government past the end of the year, a number of other bills are likely to be considered.
The House will consider several bills under suspension of the rules this week. The Credit Union National Association is closely following the Insurance Capital Standards Clarification Act, which includes CUNA-supported language relating to points and fees calculations in the Consumer Financial Protection Bureau's ability-to-repay rule.
The House is also expected to consider the American Savings Promotion Act (H.R. 3374), which would allow financial institutions to offer raffle-based, prize-linked savings accounts. CUNA testified in support of this bill in July (News Now July 16).
CUNA will be among several financial services organizations testifying at a Senate Banking Committee hearing today, along with federal regulators including the National Credit Union Administration. See News Now's coverage of the hearing in today's issue.
Other hearings for this week include: