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News Now

Washington
House committee to hear from consumer advocates on reg reform
WASHINGTON (7/13/09)--Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, announced Friday his panel will conduct a hearing entitled “Community and Consumer Advocates’ Perspectives on the Obama Administration’s Financial Regulatory Reform Proposals” on Thursday, July 16. The hearing is one in a series the committee has scheduled to explore issues surrounding the government’s proposals to revamp the financial services regulatory structure. As background to the hearings, House Democrats are holding a round of briefings from representatives of groups affected by the proposed changes. CUNA will participate in such a briefing Tuesday. Scheduled for Thursday, the House Financial Services subcommittee on domestic monetary policy intends to hold a related hearing called “Regulatory Restructuring: Safeguarding Consumer Protection and the Role of the Federal Reserve.” And on Wednesday, the full committee has scheduled a look at the banking industry perspective on the administration’s proposal, witnesses to be announced.
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