WASHINGTON — When competing for time on the House Financial Services Committee's docket, supporters of CURIA are hopeful the bill can run with the big boys in terms of priorities.
"The CURIA hearing is competing for a limited number of days on the schedule that they can hold hearings…Obviously there are a number of other issues that have emerged that are competing for days," NAFCU Director of Legislative Affairs Brad Thaler said. Even if Congress runs past its target adjournment date, it will still be a tight squeeze among all the competing interests.
A second look at the Home Mortgage Disclosure Act data, which attempts to measure minority and low-income mortgage lending, is expected after a hearing in July, which could ultimately lead to changes in Community Reinvestment Act requirements. "I think they're looking at the HMDA data. You saw one hearing by [House Oversight and Investigations Subcommittee] Chairman [Mel] Watt (D-N.C.) on the HMDA data. You saw [House Financial Services Committee] Chairman [Barney] Frank (D-Mass.) comment at the hearing that he was disappointed in what he saw in the HMDA data and indicated [they need] to look at what's being done on this issue in terms of service to underserved or low-income populations," Thaler explained.
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