Wright-Patt FCU President/CEO Douglas Fecher is scheduled to discuss what credit unions are doing to help the middle class improve their financial lives during a hearing of a Senate Banking Committee subcommittee set for 3 p.m. on Tuesday.
Fecher, whose $1.5 billion institution is based in the Dayton suburb of Fairborn, Ohio, is on a panel which also includes three law professors and an adviser to the Federal Reserve.
The hearing subject is “Consumer Protection and Middle Class Wealth Building in an Age of Growing Household Debt.’’
Sen. Sherrod Brown (D-Ohio), who chairs the Subcommittee on Financial Institutions and Consumer Protection, has worked extensively on how economic and regulatory policies have impacted the middle class.
The other panelists are Ray Boshara, senior adviser to the Federal Reserve Bank of St. Louis; Robert Lawless, professor of law at the University of Illinois; Katherine Porter, professor of law at the University of California-Irvine; and Atif Mian, associate professor of economics and finance, the University of California-Berkeley.