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News Now

Washington
Congress this week NCUA confirmation on tap
WASHINGTON (7/21/09)--Credit union issues will remain on lawmakers calendars this week. The nomination hearing for potential National Credit Union Administration Chairman Deborah Matz and a possible House mark-up of the Obama administration's Consumer Financial Protection Agency (CFPA) legislation are scheduled for Wednesday and Thursday, respectively. Matz’s nomination hearing will take place before the Senate Banking Committee at 3 p.m. on Wedensday. If, as is expected, she is onfirmed, Matz would serve on the NCUA board for a second time. The President has said he intends to designate her as chairman. Though it is not officially on the schedule, the House Financial Services Committee has tentatively scheduled a full committee markup session for Thursday, and it is thought that the CFPA Act could be marked up at this time. The House will also discuss regulatory perspectives on the current financial regulatory reform proposals on Wednesday and Friday, with Securities and Exchange Commission Chair Mary Shapiro and U.S. Commodity Futures Trading Commission Chairman Gary Gensler scheduled to testify on Wednesday. Federal Reserve Board Chair Ben Bernanke on Tuesday will testify on the semiannual monetary report before the House Financial Services Committee, with similar testimony before the Senate Banking Committee scheduled for Wednesday. Both House and Senate committees will hold hearings on systemic risk regulation later in the week.


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