WASHINGTON—A congressional hearing on why it’s so difficult to start up financial institutions at which a credit union CEO had been scheduled to appear today has been delayed until next week, due to the weather.
Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, had been scheduled to testify today on the challenges facing start-ups at a hearing titled, “Ending the De Novo Drought Examining the Application Process for De Novo Financial Institutions.” Kruger is appearing as a NAFCU witness before the House Financial Services subcommittee hearing chaired by Rep. Blaine Luetkemeyer (R-MO).
The hearing, by the Subcommittee on Financial Institutions and Consumer Credit, has been rescheduled for 2 p.m. on March 21. Krueger will testify alongside banking industry witnesses.
In other hearings today and this week:
- The House Financial Services Subcommittee on Capital Markets, Securities, and Investments will review the JOBS Act – examining its impact and noting the competitiveness of the U.S. capital markets at 10 a.m. ET Wednesday.
- Also on Wednesday, the Senate Small Business and Entrepreneurship Committee will examine how small businesses confront and shape regulations at 3 p.m. ET.
- On Thursday, the House Financial Services Subcommittee on Monetary Policy and Trade will review sound monetary policy at 10 a.m. Eastern. Also on Thursday, the House Financial Services Subcommittee on Housing and Insurance plans to review the community perspective on flood insurance reform during a hearing at 2 p.m. ET.