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Senate Banking Committee Requests Feb. 10 Hearing on CU Reg Relief
Thursday, February 5, 2015 6:30 AM

The Senate Banking Committee is calling federal financial institution regulators, including the National Credit Union Administration, for a hearing next Tuesday, Feb. 10, on regulatory relief for credit unions and community banks.

The session is scheduled for 10 a.m. to 12 p.m. (ET) and marks the committee's first hearing of the year on financial institutions topics. Sen. Richard Shelby (R-AL) became the head of the committee in January, when Republicans became the majority party in both chambers of the U.S. Congress.

NCUA Director of Examination and Insurance Larry Fazio is scheduled to testify on behalf of his agency. Other witnesses noted in the committee's announcement are:

  • Toney Bland, senior deputy comptroller for midsize and community bank supervision,  for the Office of the Comptroller of the Currency;
  • Doreen Eberley, director of risk management supervision, Federal Deposit Insurance Corp.;
  • Candace Franks, commissioner, Arkansas State Bank Department on behalf of the Conference of Bank Supervisors; and
  • Maryann Hunter, deputy director of the division of banking supervision and regulation, Board of Governors of the Federal Reserve System.