Credit unions executives located in or near Rep. Gary Miller’s (R-Calif.) district in Southern California voiced their approval of a bill introduced by the House Financial Committee leader on June 28.
Bill rolled out by House GOP last week would eliminate Fannie and Freddie and modify qualified mortgage regulations.
Thursday hearing will focus on secondary mortgage market reform bill.
GOP-powered panel says enough to build Mount Rushmore more than 1,500 times.
Rhode Island's Reed, New York's Schumer seen eyeing top post on Senate Banking Committee as South Dakota's Johnson retires.
Committee passage would send CFPB director's bid to full Senate for more partisan combat.
Senate, House plans don't include specifics on which tax loopholes to eliminate.
CFPB director goes before Senate Banking Committee on Tuesday for expected testy confirmation hearing.
Although some of the names are still unofficial, party choices for Senate committees that affect credit unions are starting to emerge.
Congress is scheduled to call it a year on Friday but fiscal cliff negotiations might change that. Privacy notice bill scheduled for House vote today.