WASHINGTON–A congressional hearing on NCUA’s budget that will feature NCUA Chairman Debbie Matz has been moved to Thursday at 2 p.m. The hearing had originally been scheduled for Friday, but was moved as the House plans to adjourn on Thursday night to allow members to return home.
The House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit will hold the hearing titled “National Credit Union Administration Operations and Budget.”
As CUToday.info reported earlier this week, the credit union trade groups have been meeting with the staff of members of the Congress who will be part of a hearing later this week on NCUA and its budget.
It will be the first hearing in approximately six years since Congress held a hearing related to the NCUA budget, and four years since an NCUA chairman has testified.
Ryan Donovan, chief advocacy officer with CUNA, said that while it’s not “the venue we had sought to air our concerns about the NCUA budget, it will provide members of Congress an opportunity to explore that topic and several others.”
Donovan said that for more than a month CUNA’s representatives have been meeting with members of both the committee and subcommittee to discuss its issues, including NCUA’s revised risk-based capital proposal (with respect to both NCUA’s legal authority to issue that rule as well as well as the capital advocacy provision that was added to the rule), member business lending, field of membership, the corporate stabilization fund, the exam process, and, of course, the NCUA budget.
“I would expect many of those topics would be topics that members of the subcommittee will explore,” said Donovan.