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CUNA monitoring several hearings this week
WASHINGTON (5/20/08)--The Credit Union National Association (CUNA) is following several congressional hearings scheduled for this week that are relevant to credit unions. Today, the Senate Banking Committee is scheduled to hold a confirmation hearing for Steven Preston, who has been nominated by President Bush to be the Secretary of Housing and Urban Development. Preston currently serves as the administrator of the Small Business Administration. The Senate Banking Committee today also is expected to mark up a housing bill that includes significant reform for government-sponsored enterprises (GSEs). CUNA last week wrote a letter to committee head Sen. Christopher Dodd (D-Conn.) regarding the bill (see related story). Other hearings this week:
* The Housing Oversight and Government Reform Committee Wednesday is slated to hold a hearing entitled, “Neighborhoods: The Blameless Victims of the Subprime Mortgage Crisis”; * The House Small Business Committee Thursday is scheduled to hold a hearing on the Real Estate Settlement Procedures Act and its impact on small business; * The House Financial Services Committee Thursday is expected to hold a hearing on the impact of conforming loan limit increases on homebuyers and housing markets; and * The House Financial Services Committee and the House Oversight and Government Reform Committee Thursday is scheduled to hold a joint hearing entitled, “Targeting Federal Aid to Neighborhoods Distressed by the Subprime Mortgage Crisis.”
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