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WASHINGTON—NCUA Chairman J. Mark McWatters will testify before the Senate Banking Committee next week during a hearing focused on the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).

MADISON, Wis.–The World Council of Credit Unions (WOCCU) is calling on theFinancial Stability Board, the Basel Committee on Banking Supervision and number of other international standard setting agencies to reduce Basel III’s capital requirements for issuers, clearers and users of interest-rate swaps and caps to help better ensure continued access to interest rate derivatives for credit unions.