Both the House and Senate are in session this week. Committees in each chamber will hear testimony from Federal Reserve Vice Chairman Randal Quarles on the U.S. financial system, and House and Senate committees will hold hearings on stopping abusive robocalls. The NCUA Board meets Thursday and will consider two rules that would offer credit unions greater flexibility in capital planning and advertising.
This week is also National Volunteer Week. NAFCU President and CEO Dan Berger recognized credit union volunteers’ efforts to support the industry in a message today to credit union leaders and volunteers.
Quarles will testify before the House Financial Services Committee tomorrow and before the Senate Banking Committee on Thursday. The hearings are part of the Federal Reserve’s semi-annual testimony to Congress, and Quarles will provide an update of the Fed’s supervision and regulation of the U.S. financial system.
continue reading »