Anthony Emerson, president/CEO of the Credit Union League of Connecticut, said he waited for nearly eight hours this week to testify in front of a state assembly committee in Hartford, Conn., which is considering proposed legislation, House Bill 6355, that would make changes to the mediation process for homeowners who are in jeopardy of losing their homes to foreclosure.

"This is an extremely contested issue," said Emerson. "There were 30 people who testified. I got to the state house at 1:30 p.m. and testified at 9 p.m."

Connecticut Gov. Dannel P. Malloy backs the bill and said the proposed legislation offers protections to homeowners engaged in the mediation process, ensuring it is efficient and fair.