Credit union witnesses will appear before panels to address CFPB reform and regulatory burden.
Richard Cordray was confirmed as director of the Consumer Financial Protection Bureau July 16, after Senate Democrats and Republicans successfully negotiated a deal that includes other pending nominees and will keep filibuster rules in place.
Hampel will appear at first hearing on Senate GSE Reform legislation.
Bipartisan deal gets CFPB director the job officially while court fight continues and House leader lashes out.
GOP-backed measure would create the "National Mortgage Market Utility" regulated by FHFA.
Trade lobbyist says member business lending cap would be too controversial to be in California congressman's bill expected to drop this week.
House Financial Services Committee chair says "there is no legally appointed director of the CFPB at this time."
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
CUNA, NAFCU line up credit union CEOs for April 10 session with House Financial Services Committee.
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."