ABA Chairman-Elect Ken Burgess will testify on ABA’s behalf on Tuesday, appearing before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. Burgess will testify about the need to re-examine the de novo charter application process with a goal of ending the drought in de novo applications.
Also on Tuesday, the Oversight and Investigation Subcommittee will hold a hearing on the structure of the CFPB. On Wednesday, the Monetary Policy and Trade Subcommittee will hold a hearing on accountability at the World Bank, and the Capital Markets, Securities and Investment Subcommittee will hear testimony on the impact of the JOBS Act on U.S. capital markets.
Meanwhile, the Senate Banking Committee will hold a nomination hearing for Jay Clayton, President Trump’s nominee to the SEC on Thursday.