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News Now

Washington
Congress this week MBLs as centerpiece
WASHINIGTON (10/11/11/)—The U.S. House and Senate are back in Washington this week to consider such things as foreign trade agreements, in the House, and judicial nominations in the Senate. However, the centerpiece of the week as far as credit unions are concerned is the Wednesday hearing on member business lending, at which the Credit union National Association (CUNA) will testify. At 2 p.m. (ET) the House Financial Services Committee subcommittee on financial institutions and consumer credit is scheduled to conduct the MBL hearing, focusing on H.R. 1418, the Small Business Lending Enhancement Act. Jeff York, President/CEO of Coasthills FCU in Lompoc, Calif. will testify on behalf of CUNA and his testimony will be available on the CUNA our website after it has been transmitted to the committee. Earlier in the day Wednesday, the same subcommittee will conduct a hearing entitled “Regulatory Impediments to Job Growth.” And another financial services subcommittee will study oversight of the Federal Home Loan Banks. On Thursday, the subcommittee on international monetary policy and trade has scheduled a hearing on "The U.S. Housing Finance System in the Global Context: Structure, Capital Sources, and Housing Dynamics." When the House completes its business for the week, it will stand in recess until the week of Oct. 24. The Senate will be in session next week and then out of session the week of Oct. 24.


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