Washington Wire – July 23, 2019

This week in Washington, several matters of interest to credit unions will be in hearings. Also, the House of Representatives may vote on a possible deal to raise the budget caps and the debt limit. In addition, the House has scheduled votes on H.R. 397, the Rehabilitation for Multiemployer Pensions Act; H.R. 2203, the Homeland […]

This week in Washington, several matters of interest to credit unions will be in hearings. Also, the House of Representatives may vote on a possible deal to raise the budget caps and the debt limit. In addition, the House has scheduled votes on H.R. 397, the Rehabilitation for Multiemployer Pensions Act; H.R. 2203, the Homeland Security Improvement Act; and H.R. 3375, the Stopping Bad Robocalls Act.

The Senate is scheduled to consider the nominations of Mark Esper to be secretary of defense and Stephen Dickson to be administrator of the Federal Aviation Administration.

In committee today,┬áThe Senate Banking, Housing and Urban Affairs Committee addresses “Challenges for Cannabis and Banking: Outside Perspectives.”

On Wednesday, the House Committee on Financial Services will hold a hearing: “The Next Megabank? Examining the Proposed Merger of SunTrust and BB&T.” Also, the Senate Finance Committee will hold a hearing to consider the nominations of Brent James McIntosh of Michigan to be an under secretary of the Treasury, Brian Callanan of New Jersey to be general counsel for the Department of the Treasury, Brian McGuire of New York to be a deputy under secretary of the Treasury, and Travis Greaves of the District of Columbia to be a judge of the United States Tax Court.

On Thursday, the House Committee on Financial Services Task Force on Financial Technology will hold a hearing: “Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit.”

Read the full Washington Wire here.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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