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CUNA to testify on three top CU issues
WASHINGTON (3/17/09)—The Credit Union National Association (CUNA) is scheduled to testify three times in the next two weeks on some of the biggest issues facing credit unions and the financial services industry today. On Thursday afternoon, Terry West, chairman of CUNA's Corporate Credit Union Task Force, is scheduled to testify at the Senate Banking subcommittee on financial institutions’ hearing entitled, "Current Issues in Deposit Insurance." West is CEO of Vystar CU, Jacksonville, Fla. Also on Thursday afternoon, CUNA’s positions on bills to address unfair and abusive practices as relating to overdraft protection plans and credit card terms will be presented by Doug Fecher, president/CEO of Wright-Patt CU, Fairborn, Ohio. Fecher is scheduled to appear before the House Financial Services subcommittee on financial institutions and consumer credit, which is conducting a legislative hearing on H.R. 627, the Credit Cardholders' Bill of Rights Act, and H.R. 1456, the Consumer Overdraft Protection Fair Practices. Next week, on March 24, CUNA will be part of a panel of financial industry witnesses to testify before the Senate Banking Committee on "Modernizing Bank Supervision and Regulation." The committee has scheduled a series of hearing on the issues, which kicks off this Thursday with testimony from federal regulators. National Credit Union Administration Chairman Michael Fryzel is slated to be on that witness panel. Also on CUNA’s hearing radar for the week”
* On Tuesday, a House Financial Services Committee hearing entitled, "Perspectives on Regulation of Systemic Risk in the Financial Services Industry;" * On Wednesday, a Senate Banking Committee hearing entitled, "Lessons Learned in Risk Management Oversight at Federal Financial Regulators;" * On Thursday morning, the House Financial Services Committee subcommittee on capital markets, insurance and government-sponsored enterprises is may hold a session on the administration’s program designed to reduce the number of foreclosures by allowing eligible homeowners to refinance or modify the terms of their mortgages; * Also on Thursday morning, the House Ways and Means Committee subcommittee on oversight has scheduled a hearing entitled, "The Troubled Asset Relief Program: Oversight of Federal Borrowing and the Use of Federal Monies;" * Another on Thursday morning, the Senate Small Business Committee will hold a hearing entitled, "Perspectives from Main Street on Small Business Lending;" and * And on Friday, the House Financial Services Committee may conduct a hearing on financial fraud and enforcement.
Copies of CUNA's written testimony will be posted on the CUNA Legislative Affairs Website when available. Use the resource link below for CUNA website.


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