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Full Committee Hearing
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The Need for Credit Union Regulatory Relief and Improvement
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Thursday, March 6, 2008, 10:00 a.m., 2128 Rayburn House Office Building
Full Committee
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| Click Here To View Archived Webcast |
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Financial Services Committee Initiates Examination of Credit Union Issues and Need for Reforms
Washington, DC—The House Financial Services Committee will hold a hearing on the need for credit union regulatory relief and improvements on Thursday, March 6, 2008 at 10:00 a.m. This hearing will provide a comprehensive examination of the need for regulatory relief among credit unions, including the Credit Union Regulatory Improvements Act, as well as many other issues within the industry.
“This hearing will help the Committee examine the need for regulation and legislation within the credit union industry. The last major piece of legislation specifically affecting the sector passed in Congress almost ten years ago,” said Congressman Kanjorski, Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises. “I, along with Congressman Royce, introduced the Credit Union Regulatory Improvements Act in 2007. Among other issues, we will discuss the need for this legislation and the effects it could have on credit unions and their members.”
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Witness List & Prepared Testimony:
Panel One
- The Honorable JoAnn M. Johnson, Chairman, National Credit Union Administration
- Mr. George Reynolds, Senior Deputy Commissioner, Georgia Department of Banking and Finance on behalf of the National Association of State Credit Union Supervisors
- Mr. Tom Dorety, President and Chief Executive Officer, Suncoast Schools Federal Credit Union on behalf of the Credit Union National Association
- Mr. Michael N. Lussier, President and Chief Executive Officer, Webster First Federal Credit Union on behalf of the National Association of Federal Credit Unions
Panel Two
- Mr. R. Michael Stewart Menzies, Sr., President and Chief Executive Officer, Easton Bank and Trust Company on behalf of the Independent Community Bankers Association
- Mr. Bradley E. Rock, Chairman, President and Chief Executive Officer, Bank of Smithtown on behalf of the American Bankers Association
Available Member Statements: Congressman Kanjorski, Congressman Neugebauer, Congressman Paul
Printed Hearing: 110-95
Related Documents:
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