WASHINGTON—Two CEOs will be offering the credit union perspective on two different issues this week.
Afena Federal Credit Union President/CEO Karen Madry will testify Thursday before the Senate Banking Committee on behalf of America’s Credit Unions during a consumer protection hearing related to fees in financial services.
According to the trade group, Madry’s testimony will focus on how what ACU called “continued attacks” on standard financial services fees “jeopardizes access to credit, especially for financially vulnerable communities.”
The hearing is scheduled to start Thursday 10 a.m. ET, and will be streamed live on the committee’s website.
As CUToday.info reported earlier, America’s Credit Unions Board Secretary and Commonwealth Credit Union President/CEO Karen Harbin testified before a House subcommittee in March on fees.
Testimony During CFPB Hearing
Separately, Apple FCU President/CEO Andrew Grimm will be part of a panel discussion at a hearing on airline and credit card rewards being hosted by the CFPB and the Department of Transportation on Thursday. Grimm will be sharing the opposition of credit unions to the Fed’s debit interchange proposal.
As CUToday.info reports separately, the deadline for comment is May 12.
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