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Washington
CUs should watch for housing hearings this week
WASHINGTON (9/28/10)--With Congress scheduled to close until just after November’s midterm elections and little on the legislative calendar, the most pressing events for credit unions during this week will be dual House and Senate hearings on housing finance. The first of these hearings will take place before the House Financial Services Committee on Wednesday morning, with the Senate Banking Committee holding a separate hearing later in the day. The House hearing will cover Federal Housing Administration loan fees and loan oversight, while the Senate hearing will compare various international housing finance systems. The Senate Banking Committee will also discuss the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act with U.S. Treasury Deputy Secretary Neal Wolin, Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corporation Chairman Sheila Bair, and U.S. Securities and Exchange Commission Chairman Mary Schapiro among those scheduled to testify. Votes on standard continuing resolutions, and potential movement on 63 bills that are currently held under suspension, are also expected this week.


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