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News Now

Washington
Congress Hearings dominate the week for CUs
WASHINGTON (1/20/10)--The full Congress returns to work this week for the first time in 2010, and while credit union concerns will not be addressed in legislation this week, there will be a busy schedule, with plenty of hearings on the docket. On Wednesday, the House Financial Services Committee Subcommittee on Housing and Community Opportunity will hold a hearing on H.R. 476, the Housing Fairness Act. The Senate Banking Committee on Wednesday will hold confirmation hearings for Department of Commerce, Department of Housing and Urban Development, Government National Mortgage Association, and Securities Investor Protection Corporation nominees. The Finance industry will also be a focus of this weeks hearings, with the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit holding a Thursday hearing on the condition of financial institutions and the full House Financial Services Committee discussing finance industry compensation on Friday. The House Financial Services Committee Subcommittee on Housing and Community Opportunity will also hold a field hearing in Minneapolis, Minn., entitled "The Impact of the Foreclosure Crisis on Public and Affordable Housing in the Twin Cities." The hearing will take place on Saturday.


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