March 31, 2014

NCUA to be part of regulator oversight hearing April 8

April 1, 2014 – NCUA, CFPB, the Federal Reserve Board and other regulators will testify in an April 8 House Financial Services Committee hearing examining how current regulators and their regulations impact economic freedom.

NAFCU lobbyists will be following next Tuesday's hearing titled, "Who's In Your Wallet: Examining How Washington Red Tape Impairs Economic Freedom."

"This hearing will give committee members an opportunity to ask NCUA about the concerns that have been raised about its recently proposed risk-based capital rule," said Brad Thaler, NAFCU's vice president of legislative affairs. "We plan on sharing comments with the committee prior to the hearing on our concerns on this proposal, and other actions from regulators that have dramatically increased the regulatory burden on credit unions in recent years."

The hearing will begin at 10 a.m. Eastern on Tuesday. Other hearing witnesses include Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency.