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Washington
Rep. Barney Frank added to 2011 GAC lineup
WASHINGTON (1/11/11)—Democratic firebrand, House Financial Services Committee stalwart and co-sponsor of the most sweeping financial reform package in decades Barney Frank (Mass.) will again join credit union boosters as a speaker at the Credit Union National Association’s Governmental Affairs Conference (GAC).
Click to view larger image Rep. Barney Frank (D-Mass.), who becomes the ranking minority member of the House Financial Services Committee as the U.S. Congress reconvenes, is shown here at Credit Union House with Dan Egan, president of the Massachusetts, Rhode Island and New Hampshire Credit Union Leagues. Throughout 2010, Frank and his staff met with the Credit Union National Association, state leagues, and credit unions regarding their concerns with evolving financial regulatory reform measures. (CUNA Photo)
Frank is a frequent GAC speaker. While Frank was one of the architects of the Dodd-Frank Financial Regulatory Reform bill which was recently enacted, he has said that interchange regulations that were added to the financial reform package at the last minute could, if not properly crafted, "have unintended consequences" for credit unions and consumers. In a December letter to the Federal Reserve, Frank added that limitations on network restrictions should not unduly increase costs for credit unions, community banks or government card programs. Other well-known policymakers House Financial Services Committee chairman Rep. Spencer Bachus (R-Ala.) and Rep. Debbie Wasserman Schultz (D-Fla.) will also speak during the GAC, as will Consumer Financial Protection Bureau architect Elizabeth Warren. Actor and Children's Miracle Network Hospitals co-founder John Schneider, political pundits and co-authors of The New York Times No. 1 best-seller "Game Change" Mark Halperin and John Heilemann, and "Miracle on the Hudson" pilot Captain Chesley B. "Sully" Sullenberger III will also speak during the GAC, which will open on Sunday evening, Feb. 27 with a performance by classic rockers Three Dog Night. Additional speakers from Capitol Hill and the regulatory agencies will be announced in coming weeks. To register for this year's GAC, use the resource link.


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