This week in Congress: NCUA to bring regulator view to House hearing on burden
April 20, 2015
WASHINGTON (4/21/15)--A U.S. House subcommittee hearing on regulatory burden from a regulator's perspective highlights activities in Congress this week.
On Thursday, the House Financial Services subcommittee on financial institutions and consumer credit will conduct a hearing with a number of witnesses from federal regulatory agencies, including the National Credit Union Administration.
Larry Fazio, director of the NCUA's Office of Examination and Insurance, has been confirmed as a witness. The subcommittee has not released the full witness list for the hearing, set for 9:15 a.m. (ET) Thursday.
CUNA will also be monitoring the following hearings this week:
Today and Thursday, 10 a.m. (ET): Senate Banking Committee, "Surface Transportation Reauthorization: Building on the Success of MAP-21 to Deliver Safe, Efficient and Effective Public Transportation Services and Projects." Transportation officials and other stakeholders will speak;
Wednesday, 10 a.m. (ET): House Financial Services Committee task force to investigate terrorism financing, "A Survey of Global Terrorism and Terrorist Financing;"
Wednesday, 11 a.m. (ET): House Small Business Committee, "Small Business Big Threat, Protecting Small Businesses from Cyberattacks;" and
Thursday, 2 p.m. (ET): Senate Finance Committee, hearing to consider departments of the Treasury and Health and Human Services nominations.
The House will also consider a number of bills this week, including three of interest to CUNA:
The Bureau of Consumer Financial Protection Advisory Board Act (H.R. 1195), which would codify the bureau's Credit Union Advisory Council and create a small business panel. CUNA supports this bill;
Protecting Cyber Networks Act (H.R. 1560), which would enable private companies to share cyberthreat indicators with each other, and with the federal government, although on a voluntary basis, and not through the National Security Agency or Department of Defense; and
National Cybersecurity Protection Advancement Act of 2015 (H.R. 1731), which would amend the Homeland Security Act of 2002 to enhance information sharing and strengthen privacy protections.
Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.