Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Mica to represent CUs at Senate Banking hearing today
WASHINGTON (3/24/09)—Credit Union National Association (CUNA) President/CEO Dan Mica is scheduled to testify today before the Senate Banking Committee during its second hearing this year on modernizing financial institution supervision. Mica will state the credit union case that a separate federal regulator is an imperative for credit unions because their structure and, in some ways, operations are so distinct from banks and thrifts. Mica will be seated on a panel of witnesses comprised of credit union, bank, and consumer group representatives. This hearing follows by less than a week the committee’s opening session on the issues. Last week, financial institution regulators, including National Credit Union Administration (NCUA) Chairman Michael Fryzel, testified. Fryzel told the banking panel that credit unions deserve and require a separate regulator because they are fundamentally different in structure and operation than other types of financial institutions. Other witnesses at today's hearing include:
* Gail Hillebrand, senior attorney, Consumers Union of U.S., Inc.; * William Attridge, president/CEO/COO, Community River Community Bank, for the Independent Community Bankers of America * Aubrey Patterson, chairman/CEO, BancorpSouth, Inc., for the American Bankers Association; and * Richard Christopher Whalen, SVP/managing director, Institutional Risk Analytics.


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
18 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
21 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
21 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
22 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
22 hours ago