CUNA engaged with CFPB hearing, approps bills this week

June 4, 2018

Both chambers of Congress are back in Washington, D.C., and CUNA is engaged with a number of activities this week. CUNA will be heavily engaged with a Wednesday House subcommittee hearing on the Bureau of Consumer Financial Protection.

The hearing is scheduled for Wednesday at 2 p.m. (ET) and will be conducted by the House Financial Services subcommittee on financial institutions and consumer credit. It is titled “Improving Transparency and Accountability at the Bureau of Consumer Financial Protection.”

CUNA has released a comprehensive white paper outlining its suggestions for common-sense bureau reforms that would help credit unions serve consumers better, and CUNA intends to send a letter for the record of Wednesday’s hearing.

CUNA will be paying close attention to appropriations activities throughout the week for legislative language that might impact credit unions, particularly related to several funds credit unions have access to.

The House is expected to consider the Energy and Water Development and Related Agencies Appropriations Act (H.R. 5895), the Military Construction and Veterans Affairs Appropriations Act, and the Legislative Branch Appropriations Act. 

The House Appropriations Committee is expected to consider the Fiscal Year 2019 draft bills for Transportation, Housing and Urban Development as well as Financial Services and General Government.