Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
House In Recess: Senate Hearings On Tap This Week
WASHINGTON (11/5/13)--Members of the U.S. House are working in their home districts until Nov. 12, but the Senate is in session.

One item on the Senate agenda is today's Senate Banking Committee hearing entitled "Housing Finance Reform: Protecting Small Lender Access to the Secondary Mortgage Market." Credit Union National Association Chief Economist Bill Hampel is set to testify at the hearing, which is scheduled to begin at 10 a.m. (ET). (See related story: CUNA Frames CU Housing Finance Reform Priorities For Senate Panel Today.)  The committee has set another housing hearing for Thursday: "Housing Finance Reform: Essential Elements to Provide Affordable Options for Housing."

CUNA Senior Vice President of Legislative Affairs Ryan Donovan said CUNA expects committee leaders to introduce a new housing finance reform bill in the coming weeks, with a mark up possible as soon as December.

The Senate Commerce, Science and Transportation subcommittee on consumer protection will also hold a Thursday hearing entitled "Demand Letters and Consumer Protection: Examining Deceptive Practices by Patent Assertion Entities."

Consideration of the Privacy Notice Modernization Act (S. 635), which would provide relief to credit unions who are currently expected to send annual privacy notifications to members, could also happen soon, Donovan said.

In other House news, Majority Leader Eric Cantor (R-Va.) last week released the 2014 calendar for that body.

The second session of the 113th U.S. Congress will begin on Jan. 7, and House members will remain in Washington until Jan. 16. No House votes are scheduled on Jan 17, and members are scheduled to remain in their districts through the following Martin Luther King Jr. Federal Holiday. They are set to return on Jan. 27, and the three-day House Republican Issues Conference is scheduled to begin on Wednesday, Jan. 29.

For the full calendar, use the resource link.
Other Resources

2014 House Calendar
RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
15 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
15 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
17 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
18 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
18 hours ago