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News Now

Washington
Lawmakers To Consider NCUA Nomination Today, Monetary Policy This Week
WASHINGTON (7/16/13)--The Senate Banking Committee is scheduled to vote today on the nominations of Richard Metsger to be a member of the National Credit Union Administration, Rep. Mel Watt (D-N.C.) to be director of the Federal Housing Finance Agency, and several others of interest to the financial services industry (News Now July 2).
 
The other nominees are Jason Furman, to be a member and chairman of the Council of Economic Advisers; Kara Stein, Michael Piwowar, and Mary Jo White, to be members of the Securities and Exchange Commission.

Also on the week's agenda:
  • The House Financial Services Committee will hold a full committee hearing Wednesday on "Monetary Policy and the State of the Economy."  Federal Reserve Board Chairman Ben Bernanke will testify;
  • Also on Wednesday, the Senate Banking subcommittee on financial institutions and consumer will hold a hearing on "Shining a Light on the Consumer Debt Industry";
  • On Thursday, the House Energy and Commerce subcommittee on commerce, manufacturing, and trade will hold a hearing on "Reporting Data Breaches: Is Federal Legislation Needed to Protect Consumers";
  • The House Oversight and Government Reform subcommittee on economic growth, job creation, and regulatory affairs will conduct a hearing on "Regulatory Burdens: The Impact of Dodd-Frank on Community Banking," also on Thursday. The Credit Union National Association will submit a statement for the record of this hearing;
  • The House Financial Services Committee will hold a hearing on "A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing Finance System." The focus of this session will be the new bill of the committee chairman, Rep. Jeb Hensarling (R-Texas), to reform housing finance. CUNA will submit a statement for the record of this hearing also; and
  • Finally, the Senate Banking Committee will hold a full committee hearing on "The Semiannual Monetary Policy Report to the Congress."  Federal Reserve Board Chairman Ben Bernanke will testify.


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