WASHINGTON — NCUA has confirmed that it will be testifying during a March 27, House subcommittee hearing on subprime and predatory lending.
The Financial Institutions and Consumer Credit Subcommittee of the House Financial Services Committee scheduled the hearing "Subprime and Predatory Lending: New Regulatory Guidance, Current Market Conditions, and Effects on Regulated Financial Institutions."
NCUA, however, did not testify in a similar hearing in the Senate Banking Committee March 22 entitled, "Mortgage Market Turmoil: Causes and Consequences." FDIC, the Office of the Comptroller of the Currency, the Federal Reserve, and the Office of Thrift Supervision, in addition to the North Carolina banking commissioner were slate to testify on the regulators' panel. No credit unions were to appear on the industry panel either.
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