Washington Wire – Aug. 21, 2018

Though the House of Representatives remains in recess until Sept. 4, the Senate reconvenes today to consider H.R.6157, the Minibus Appropriations Act (Defense and Labor/HHS). Of primary interest this week to credit unions is Thursday’s Senate Banking and Urban Affairs Committee’s consideration of the nomination of Ms. Kathleen Laura Kraninger of Ohio to be director, Bureau of Consumer Financial Protection. That same day, […]

Though the House of Representatives remains in recess until Sept. 4, the Senate reconvenes today to consider H.R.6157, the Minibus Appropriations Act (Defense and Labor/HHS). Of primary interest this week to credit unions is Thursday’s Senate Banking and Urban Affairs Committee’s consideration of the nomination of Ms. Kathleen Laura Kraninger of Ohio to be director, Bureau of Consumer Financial Protection.

That same day, the committee also will consider nominations of Kimberly A. Reed of West Virginia to be President of the Export-Import Bank, Elad L. Roisman of Maine to be a member of the Securities and Exchange Commission, Michael R. Bright of the District of Columbia to be president of the Government National Mortgage Association, Rae Oliver of Virginia to be inspector general, U.S. Department of Housing and Urban Development, and Dr. Dino Falaschetti, of Montana to be director of the office of financial research, U.S. Department of the Treasury.

In committee today, the Senate Judiciary Committee Crime and Terrorism Subcommittee will hold a hearing: “Cyber Threats to Our Nation’s Critical Infrastructure,” the Senate Energy and Natural Resources Committee will hold a hearing: “Energy Efficiency of Blockchain and Similar Technologies,”  the Senate Health, Education, Labor and Pensions Subcommittee on Primary Health and Retirement Security will hold a hearing: “Financial Literacy: the Starting Point for a Secure Retirement,” and the Senate Banking and Urban Affairs Committee will hold a hearing: “Russia Sanctions: Current Effectiveness and Potential for Next Steps.”

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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