Truliant’s Schaefer to Testify Before Congress on Consumer Protection
The CEO of the $1.5 billion Truliant FCU in Winston-Salem, N.C., is scheduled to testify Tuesday on the impact of the financial overhaul bill on consumer protection, during a hearing of the Senate Banking Committee.
Marcus Schaefer is one of six witnesses scheduled to appear before the panel, which is holding a series of hearings this week on the impact of the Dodd-Frank financial overhaul bill, which was signed into law by President Obama last July.
The Consumer Financial Protection Bureau is scheduled to begin operating on Thursday,
The other witnesses are Michael Calhoun, president of the Center for Responsible Lending; Lynn Drysdale, managing attorney of the consumer law unit of the Jacksonville Area Legal Aid Inc. in Florida; Albert Kelly, president/CEO of SpiritBank of Bristow, Okla.; Andrew Pincus on behalf of the U.S. Chamber of Commerce; and Andrew Levitan, a professor of law at Georgetown University Law Center.