Two credit union officials will testify Thursday before theHouse Financial Services Subcommittee on Oversight andInvestigations on the Dodd-Frank Act.

The hearing is one of several this month that aim to reviewDodd-Frank's impact on markets and consumers upon the legislation'stwo-year anniversary.

Lynette Smith, CEO of the $87 million Washington Gas Light FCUof Springfield, Va. and DeyaniraDel Rio, board chair of the $33 million Lower East SidePeople's FCU Union of New York City and vice-chair ofthe NationalFederation of Community Development Credit Unions, will testifyat the 10 a.m. session titled “Who's In Your Wallet? Dodd-Frank'sImpact on Families, Communities and Small Businesses.”

At 2 p.m. Thursday, the House Financial Services Subcommittee onFinancial Institutions and Consumer Credit will again investigateDodd-Frank, with a hearing titled “The Impact of Dodd-Frank onConsumer Choice and Access to Credit.” At this time, the onlywitness scheduled to appear is Consumer Financial Protection BureauDeputy Director Raj Date.

While the hearings are routine for Congress to reviewlegislation and its impact, CUNA Senior Vice President ofLegislative Affairs Ryan Donovan said the Dodd-Frank themedhearings provide the credit union industry an opportunity to“reinforce credit union concerns.”

Specifically, Donovan said CUNA is pushing for language thatwould exclude credit unions from regulations that have come out ofDodd-Frank; namely, CFPB regulations on remittances and mortgages.

Smith, who will appear on behalf of NAFCU, testifiedlast year on the growth in credit unions' regulatory burden due toactivities of the CFPB.