WASHINGTON–The Senate Banking Committee has rescheduled to Oct. 2 a hearing on the implementation by federal financial institution regulators of the new regulatory relief law at which NCUA
Chairman J. Mark McWatters has been scheduled to testify.
In addition to McWatters, others scheduled to appear before the committee include Comptroller of the Currency Joseph Otting, Federal Reserve Vice Chairman Randal Quarles, and FDIC Chairman Jelena McWilliams.
The hearing is expected to focus on where progress is being made/isn’t being made in implementing the Economic Growth, Regulatory Relief, and Consumer Protection Act, which was passed earlier this year.
That law either eliminated or rolled back a number of regulatory and supervisory requirements, and was strongly supported by the CU trade associations.