House Financial Services Committee chair says "there is no legally appointed director of the CFPB at this time."
Texas Republican Jeb Hensarling votes to stop NLRB activity and questions CFPB legality.
New York Democrat said the move would inject much-needed funds into local communities when they need it most.
Miller made the announcement during his opening remarks for a hearing on credit union regulatory burden.
On April 10 the House Financial Services Committee has scheduled a hearing to focus on the regulatory burdens facing community financial institutions that will focus on credit unions.
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.
During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."
Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.