WASHINGTON (3/19/09)—The Credit Union National Association (CUNA) is scheduled to testify twice today, detailing credit union positions on deposit insurance issues and also on changes to credit card and overdraft protection plan programs.
This afternoon, Terry West, chairman of CUNA's Corporate Credit Union Task Force, is scheduled to testify at the Senate Banking subcommittee on financial institutions' hearing entitled, "Current Issues in Deposit Insurance." West is CEO of Vystar CU, Jacksonville, Fla.
Also a scheduled witness at this hearing, National Credit Union Administration (NCUA) Executive Director David Marquis will present his agency's remarks.
Earlier in the day, the full Banking Committee will launch a series of hearings on "Modernizing Bank Supervision and Regulation." NCUA Chairman Michael Fryzel is scheduled to testify along with federal and state bank and thrift regulators.
At the second in this series of hearings, scheduled for March 24, CUNA will testify.
Meanwhile, also this afternoon, CUNA's views on bills to address unfair and abusive practices as relating to overdraft protection plans and credit card terms will be presented by Doug Fecher, president/CEO of Wright-Patt CU, Fairborn, Ohio.
Fecher is scheduled to appear before the House Financial Services subcommittee on financial institutions and consumer credit, which is conducting a legislative hearing on H.R. 627, the Credit Cardholders' Bill of Rights Act, and H.R. 1456, the Consumer Overdraft Protection Fair Practices.
NCUA Associate General Counsel Sheila Albin is also a scheduled witness.
Copies of CUNA's written testimony will be posted on the CUNA Legislative Affairs Website when available.
courtesy of cuna.org