This week: NAFCU eyes economic growth hearing, CUAC meeting, patent case

NAFCU staff this week will be monitoring congressional hearings on the role of financial companies in fostering economic growth and how small businesses confront regulations, along with the CFPB’s Credit Union Advisory Council meeting and a Supreme Court case regarding the patent system.

The Senate Banking Committee on Tuesday will discuss the role of financial companies in fostering economic growth. Witnesses for the 9:30 a.m. hearing include former Federal Reserve Gov. Robert Heller, former FDIC Chairman Donald Powell and Professor of Economics and Chief Economist of AFL-CIO William Spriggs.

Last week, Senate Banking Committee Chairman Mike Crapo, R-Idaho, and Ranking Member Sherrod Brown, D-Ohio, asked for legislative proposals to foster economic growth. NAFCU plans to submit recommendations.

The Senate Small Business and Entrepreneurship Committee is holding a hearing Wednesday examining how small businesses confront and shape regulations. The hearing, slated for 3 p.m. Eastern, includes witnesses from the National Association of Home Builders and the South Carolina Small Business Chamber of Commerce.


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