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NAFCU Vice President of Legislative Affairs Brad Thaler last night urged Congress to "enact common-sense regulatory relief" measures that will help credit unions better serve their members in a letter to Senate Banking leaders.

"While it was important to go after the bad actors that caused the financial crisis, many of the good actors, such as credit unions, have been caught up in the tidal wave of new regulations post-crisis," Thaler wrote Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho. "It is with this in mind that NAFCU continues to call on Congress to enact common-sense regulatory relief that will enable credit unions to better serve their 98 million member-owners."

At 10 a.m. Eastern, the Senate Banking Committee will hold a hearing titled "Wall Street Reform: Assessing and Enhancing the Financial Regulatory System." The panel will hear testimony from the Federal Reserve and other federal bank, securities and commodity futures regulators.

With Monday's letter, Thaler submitted a copy of NAFCU's "Dirty Dozen" list of regulatory requirements that could be eliminated or amended and the association's five-point plan for credit union regulatory relief.

Wednesday, the House Small Business Committee will hold a hearing on the management and outlook of the Small Business Administration. The committee will hear from SBA Administrator Maria Contreras-Sweet.

Also this week:

• The House Financial Services Committee on Wednesday will review the credit reporting system. Witnesses are from the Consumer Data Industry Association, George Washington University, American Bankers Association and the National Consumer Law Center.
• The Senate Special Aging Committee is holding a hearing Wednesday looking at the effects of student loan debt on older Americans.
• Thursday, The House Small Business Subcommittee on Contracting and Workforce will hold a hearing examining how the declining rate of small businesses affects the economy.