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News Now

Washington
CFPBs Cordray joins GAC lineup
WASHINGTON (2/21/12)--Consumer Financial Protection Bureau (CFPB) Director Richard Cordray has remained busy since he took on his post early this year, appearing on behalf of his agency at several Capitol Hill hearings and other events, and he can now add another engagement to his packed speaking schedule: The Credit Union National Association's (CUNA) 2012 Governmental Affairs Conference (GAC).



The CFPB has been extremely active since it officially began its work last year, taking on rulewriting authority for many existing consumer financial protection laws, revising mortgage disclosures and closing forms, and beginning the process of supervising many nonbank financial entities. The agency is also accepting public comment on how consumer related financial regulations can be streamlined, and CUNA staff have met with the agency many times to discuss credit unions' regulatory burden and other priorities.

Key Capitol Hill lawmakers will also speak at the GAC, including House Minority Whip Steny Hoyer (D-Md.), House Financial Services Committee Chairman Spencer Bachus (R-Ala.), House Majority Whip and House Financial Services Committee member Kevin McCarthy (R-Calif.), and Assistant House Democratic Leader James Clyburn (D-S.C.).

Sens. Jon Tester (D-Mont.), Mark Udall (D-Colo.) and Rand Paul (R-Ky.), and Reps. Jeb Hensarling (R-Texas), Ed Royce (R-Calif.), Barney Frank (D-Mass.), Carolyn Maloney (D-N.Y.) and Carolyn McCarthy (D-N.Y.), are also scheduled to speak. Former Secretary of State Condoleezza Rice, premier, non-partisan political analyst Charlie Cook, journalistic duo Bob Woodward and Carl Bernstein are also among the notable speakers on the 2012 GAC schedule.

The 2012 GAC, which will take place March 18-22 at the Washington Convention Center in Washington, D.C., will provide more than 4,000 credit union representatives an opportunity to hear from influential leaders from Congress and the federal regulatory agencies during the meeting's sessions, as well discuss pressing credit union issues with federal lawmakers and regulators in private meetings.

Recognized as the premier conference to attend for political impact, credit union networking and industry updates, the GAC also offers a wide array of educational breakout sessions, the industry's largest exhibitor showcase, guest/family programs to tour Washington's sights, and special entertainment including an opening concert and the closing Gala Reception and Dance. And this year, the whole event will be kicked off by American Idol star Taylor Hicks, who will perform at the opening concert, sponsored by the CUNA Councils.

Additional speakers and session topics will be announced in the weeks to come.

Registration, housing information, and other information can be found using the resource link below.


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