WASHINGTON — The House Financial Services Committee will hold a series of hearings on regulation of the financial services industry and of financial markets, Chairman Barney Frank (D-Mass.) announced today.

The sessions are scheduled to begin in July and will feature Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke and other policymakers and regulators. They will focus on existing proposals, such as the regulatory overhaul proposed by Paulson in the Treasury Blueprint. That proposal has raised concerns among credit unions, which fear their existence could be jeopardized if they are placed under the same regulator as banks.

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