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News Now

Washington
NEW: CUNA To Testify July 23 On Housing Reform In Senate
WASHINGTON (7/17/13, UPDATED 9:04 a.m. ET)--Bill Hampel, chief economist of the Credit Union National Association, is scheduled to testify July 23 before a Senate Banking subcommittee on the topic of  "Creating a Housing Finance System Built to Last: Ensuring Access for Community Institutions."
 
The hearing, called by the subcommittee on securities, insurance and investment, is scheduled for 90 minutes starting at 3 p.m. (ET).
 
There will be two sets of witnesses.  The first panel includes a single witness:  Sandra Thompson, deputy director, Division of Housing Mission and Goals, Federal Housing Finance Agency.
 
In addition to CUNA's Hampel, the second panel is expected to include : Jack A. Hartings, president/CEO, The Peoples Bank Company on behalf of the Independent Community Bankers of America; Andrew J. Jetter, president/CEO, Federal Home Loan Bank of Topeka; and Michael Middleton, chairman/CEO of Community Bank of Tri-County, on behalf of the American Bankers Association.
 
CUNA has told housing policy makers, through letters to the Obama administration and in earlier congressional testimony, that the needs of credit unions and other small mortgage lenders must be considered as the country moves forward on needed reforms.


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