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Dixies Federal Credit Union President and CEO Scott Eagerton is poised to testify for NAFCU and the credit union industry this afternoon during a House Small Business Subcommittee hearing on the impact of the Dodd-Frank Act on small businesses and financial institutions.

Eagerton, whose credit union is headquartered in Darlington, S.C., is testifying before the House Small Business Subcommittee on Economic Growth, Tax and Capital Access, which is chaired by Rep. Tom Rice, R-S.C. The hearing is titled "Financing Main Street: How Dodd-Frank is Crippling Small Lenders and Access to Capital."

The NAFCU witness will discuss the tidal wave of new rules under Dodd-Frank and its "profound" impact on all credit unions and their ability to serve members.

Eagerton's testimony will focus specifically on credit unions' growing regulatory burden under rules implemented by the CFPB, NCUA's examination cycles, regulatory costs vs. benefits, NAFCU's Top Ten rules targeted for elimination or improvement, proposals to ease statutory member business lending limits and more.

The hearing, which will be streamed live, begins at 1 p.m.