Congress Will Again Take Up Business Lending, Consumer Bureau, and Deficits
Credit Union Times
August 31, 2011
Immediately after Congress returns from recess after Labor Day,
lawmakers will consider the nomination of Richard Cordray, whom
President Obama picked to be director of the Consumer Financial
Protection Bureau. The Senate Banking Committee has scheduled a hearing
on Sept. 6 on Cordray. The House Financial Services Committee will
also reportedly hold a hearing on legislation to raise the cap on credit
union member business loans.
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