WASHINGTON–With the House in recess, the credit union trade group focus this week in Washington will primarily be on a number of hearings.
Those hearings begin today when NCUA Chairman J. Mark McWatters will be among those testifying before the Senate Banking Committee on the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
Today’s hearing was rescheduled after the earlier hearing was cancelled due to concerns over the approach of Hurricane Florence.
In addition to McWatters, the committee will hear from leaders from the Office of the Comptroller of the Currency, Federal Reserve Board of Governors and Federal Deposit Insurance Corporation.
Other hearings of interest to credit unions this week include:
- On Wednesday, the Senate Committee on the Judiciary, which has been in the news for last week’s hearing involving Supreme Court nominee Brett Kavanaugh, will hold a hearing examining “Big Bank Bankruptcy: 10 Years After Lehman Brothers.”
- On Wednesday, the Senate Small Business Committee will discuss how to expand small business opportunities through the tax code.
- On Thursday, the Senate Banking Committee will hear from representatives from the Financial Crimes Enforcement Network (FinCEN), FBI and Office of the Comptroller of the Currency on ways to combat money laundering and other forms of illicit finance.