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Congress to hold hearings on regulatory, reform issues in April

u.s. congressRegulatory burden and housing finance reform will be among the first credit union concerns heard by Congress in a number of key hearings this week.

On Wednesday, Bayer Heritage Federal Credit Union President and CEO Bob Burrow will testify before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit on the regulatory burden faced by credit unions. Another hearing on the regulatory burden of banks is set for April 16.

Burrow, who will be a witness for the National Association of Federal Credit Unions, will also discuss NAFCU’s five-point regulatory relief plan, which includes administrative improvements to the National Credit Union Administration, capital reforms, structural improvements in legislation pertaining to federal credit unions, operational improvements and data security reforms.

The House Financial Services Committee and its subcommittees have 10 scheduled hearings this month, the Senate Banking Subcommittee on Financial Institutions and Consumer Protection will hold a hearing on April 11, the House Ways and Means Committee will meet on April 10 to discuss the federal debt limit and the House Small Business Committee will meet April 10 to discuss small business tax reform. The Ways and Means Committee and Senate Finance Committee will hold hearings on April 11 to discuss President Obama’s 2014 budget.

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