The CEO of the $1.5 billion Truliant FCU in Winston-Salem, N.C., is scheduled to testify Tuesday on the impact of the financial overhaul bill on consumer protection, during a hearing of the Senate Banking Committee.
Marcus Schaefer is one of six witnesses scheduled to appear before the panel, which is holding a series of hearings this week on the impact of the Dodd-Frank financial overhaul bill, which was signed into law by President Obama last July.
The Consumer Financial Protection Bureau is scheduled to begin operating on Thursday,
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The other witnesses are Michael Calhoun, president of the Center for Responsible Lending; Lynn Drysdale, managing attorney of the consumer law unit of the Jacksonville Area Legal Aid Inc. in Florida; Albert Kelly, president/CEO of SpiritBank of Bristow, Okla.; Andrew Pincus on behalf of the U.S. Chamber of Commerce; and Andrew Levitan, a professor of law at Georgetown University Law Center.
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