Congress Will Again Take Up Business Lending, Consumer Bureau, and Deficits

August 31, 2011
Credit Union Times 
consumer financial protection bureau news

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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