Massive breaches result in a request from Congress and at least five class action lawsuits.
Oversight and Investigations Subcommittee chairman challenges Gruenberg's leadership in heated hearing exchange.
Speaking at an Operation Choke Point forum, the congressman said growth pressures force credit unions to act like banks.
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
An inspector general would have oversight of the new $30 billion Small Business Lending Fund if a bill with that proposal becomes law.
A bill that would provide oversight of the new $30 billion Small Business Lending Fund, including putting an inspector general in charge, has been introduced.