CongressionalHearings/Dodd-Frank/CHRG-111shrg54533/CHRG-111shrg54533--95.txt Financial Literacy -- Mr. Secretary , what specific financial literacy responsibilities will the Consumer Financial Protection Agency have?A .2 . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--4.txt The next witness is Mr. Ed Templeton , President and Chief Executive Officer of SRP Federal Credit Union , in North Augusta , South Carolina , testifying on behalf of the National Association of Federal Credit Unions . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--4.txt Our second witness is Mr. Frank Michael , President and CEO of Allied Credit Union located in Stockton , California , on behalf of the Credit Union National Association . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--4.txt Our third witness is Mr. Arthur Johnson , Chairman and CEO of United Bank of Michigan , from Grand Rapids , Michigan , on behalf of the American Bankers Association . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--4.txt STATEMENT OF JACK HOPKINS , PRESIDENT AND CHIEF EXECUTIVE OFFICER , CORTRUST BANK NATIONAL ASSOCIATION , SIOUX FALLS , SOUTH DAKOTA , ON BEHALF OF THE INDEPENDENT COMMUNITY BANKERS OF CongressionalHearings/Dodd-Frank/CHRG-111shrg54533/CHRG-111shrg54533--89.txt Having the Federal Reserve become the systemic risk regulator for all large financial institutions concentrates enormous power in one agency . CongressionalHearings/Dodd-Frank/CHRG-111shrg54789/CHRG-111shrg54789--168.txt PREPARED STATEMENT OF SENATOR TIM JOHNSON Thank you Mr. Chairman for holding today 's hearing . CongressionalHearings/Dodd-Frank/CHRG-111shrg54589/CHRG-111shrg54589--62.txt Mr. Griffin is also a member of several philanthropic boards , including service as Vice Chairman of the Chicago Public Education Fund . CongressionalHearings/Dodd-Frank/CHRG-111hhrg48874/CHRG-111hhrg48874--205.txt STATEMENT OF R. MICHAEL S. MENZIES , SR. , PRESIDENT AND CHIEF EXECUTIVE OFFICER , EASTON BANK AND TRUST COMPANY , ON BEHALF OF THE INDEPENDENT COMMUNITY BANKERS OF AMERICA -LRB- ICBA -RRB- '' CongressionalHearings/Dodd-Frank/CHRG-111shrg56262/CHRG-111shrg56262--10.txt Mr. Miller , '' Chairman Reed , Ranking Member Bunning , Members of the Subcommittee , on behalf of the American Securitization Forum , I appreciate the opportunity to testify today . CongressionalHearings/Dodd-Frank/CHRG-111hhrg51591/CHRG-111hhrg51591--23.txt Mr. Hunter?STATEMENT OF J. ROBERT HUNTER , DIRECTOR OF INSURANCE , CONSUMER FEDERATION OF AMERICA -LRB- CFA -RRB- '' CongressionalHearings/Dodd-Frank/CHRG-111hhrg51591/CHRG-111hhrg51591--23.txt And next , we will hear from Mr. J. Robert Hunter , director of insurance for the Consumer Federation of America . CongressionalHearings/Dodd-Frank/CHRG-111hhrg53234/CHRG-111hhrg53234--2.txt This hearing is entitled , `` Regulatory Restructuring : Balancing the Independence of the Federal Reserve in Monetary Policy With Systemic Risk Regulation . '' CongressionalHearings/Dodd-Frank/CHRG-111hhrg48868/CHRG-111hhrg48868--59.txt Ms. Williams.TESTIMONY OF ORICE M. WILLIAMS , DIRECTOR , FINANCIAL MARKETS AND COMMUNITY INVESTMENT , UNITED STATES GOVERNMENT ACCOUNTABILITY OFFICE -LRB- GAO -RRB- Ms. Williams . CongressionalHearings/Dodd-Frank/CHRG-111hhrg53240/CHRG-111hhrg53240--2.txt This hearing is entitled , `` Regulatory Restructuring : Safeguarding Consumer Protection and the Role of the Federal Reserve . '' CongressionalHearings/Dodd-Frank/CHRG-111shrg53822/CHRG-111shrg53822--56.txt After Mr. Wallison , we will hear from the Honorable Martin Baily , Senior Fellow in Economics Studies at the Brookings Institution . CongressionalHearings/Dodd-Frank/CHRG-111hhrg53238/CHRG-111hhrg53238--51.txt STATEMENT OF R. MICHAEL S. MENZIES , SR. , PRESIDENT AND CHIEF EXECUTIVE OFFICER , EASTON BANK AND TRUST COMPANY , ON BEHALF OF THE INDEPENDENT COMMUNITY BANKERS OF AMERICA -LRB- ICBA -RRB- '' CongressionalHearings/Dodd-Frank/CHRG-111shrg52619/CHRG-111shrg52619--19.txt Mr. Fryzel , `` STATEMENT OF MICHAEL E. FRYZEL , CHAIRMAN , NATIONAL CREDIT UNION CongressionalHearings/Dodd-Frank/CHRG-111shrg55739/CHRG-111shrg55739--6.txt So , with that , Mr. Barr , Mr. Secretary , we look forward to your testimony.STATEMENT OF MICHAEL S. BARR , ASSISTANT SECRETARY FOR FINANCIAL CongressionalHearings/Dodd-Frank/CHRG-111hhrg54872/CHRG-111hhrg54872--244.txt STATEMENT OF R. MICHAEL S. MENZIES , SR. , PRESIDENT AND CHIEF EXECUTIVE OFFICER , EASTON BANK AND TRUST CO. , ON BEHALF OF THE INDEPENDENT COMMUNITY BANKERS OF AMERICA -LRB- ICBA -RRB- '' CongressionalHearings/Dodd-Frank/CHRG-111hhrg54872/CHRG-111hhrg54872--244.txt And we will begin with Mr. Michael Menzies , who is the president and CEO of the Easton Bank and Trust company , testifying on behalf of the Independent Community Bankers of America . CongressionalHearings/Dodd-Frank/CHRG-111shrg53176/CHRG-111shrg53176--13.txt Chairman Dodd , Ranking Member Shelby , and Members of the Committee , I am Fred Joseph , Colorado Securities Commissioner and President of the North American Securities Administrators Association -- NASAA . CongressionalHearings/Dodd-Frank/CHRG-111shrg53085/CHRG-111shrg53085--203.txt PREPARED STATEMENT OF SENATOR TIM JOHNSON Thank you Chairman Dodd and Ranking Member Shelby for holding today 's hearing . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--10.txt Mr. Johnson , '' STATEMENT OF ARTHUR C. JOHNSON , CHAIRMAN AND CHIEF EXECUTIVE OFFICER , UNITED BANK OF MICHIGAN , GRAND RAPIDS , MICHIGAN , ON CongressionalHearings/Dodd-Frank/CHRG-111hhrg48868/CHRG-111hhrg48868--131.txt Mr. Ackerman , '' The New York State Insurance Supervisor , Eric Dinallo , came before a different committee of Congress back in October and said that . CongressionalHearings/Dodd-Frank/CHRG-111hhrg52397/CHRG-111hhrg52397--35.txt Next , we will have Mr. Robert Pickel , chief executive officer , International Swaps and Derivatives Association , Incorporated . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--7.txt Mr. Michael , '' STATEMENT OF FRANK MICHAEL , PRESIDENT AND CHIEF EXECUTIVE OFFICER , ALLIED CREDIT UNION , STOCKTON , CALIFORNIA , ON BEHALF CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--16.txt Mr. Templeton , '' Good afternoon , Chairman Johnson , Ranking Member Crapo , and Members of the Subcommittee . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--16.txt We are pleased to see that NCUA Board Chairman Mr. Michael Fryzel recently announced the creation of such an office at NCUA . CongressionalHearings/Dodd-Frank/CHRG-111shrg53085/CHRG-111shrg53085--211.txt --------------------------------------------------------------------------- Consumer Protection and Credit Access I believe that the Congress should give the unified federal regulator primary responsibility for enforcement of consumer protection and credit access laws . CongressionalHearings/Dodd-Frank/CHRG-111shrg53085/CHRG-111shrg53085--211.txt PREPARED STATEMENT OF RICHARD CHRISTOPHER WHALEN Senior Vice President and Managing Director , Institutional Risk Analytics March 24 , 2009 Chairman Dodd , Senator Shelby , and Members of the Committee , My name is Christopher Whalen and I live in the State of New York . CongressionalHearings/Dodd-Frank/CHRG-111hhrg48867/CHRG-111hhrg48867--24.txt We will begin with Mr. Bartlett , Steve Bartlett , President and Chief Executive Officer of the Financial Services Roundtable , and a former member of this committee.STATEMENT OF THE HONORABLE STEVE BARTLETT , PRESIDENT AND CHIEF CongressionalHearings/Dodd-Frank/CHRG-111shrg53822/CHRG-111shrg53822--89.txt --------------------------------------------------------------------------- \ 1 \ Robert E. Litan is Vice President , Research and Policy , The Kauffman Foundation and Senior Fellow , Economic Studies and Global Economy Programs , The Brookings Institution . CongressionalHearings/Dodd-Frank/CHRG-111shrg54533/CHRG-111shrg54533--96.txt The Administration 's regulatory reform proposal preserves the role of State chartered banks and State supervision . CongressionalHearings/Dodd-Frank/CHRG-111shrg54533/CHRG-111shrg54533--96.txt The SLC includes representatives from the Conference of State Bank Supervisors , the American Council of State Savings Supervisors , and the National Association of State Credit Union Supervisors . CongressionalHearings/Dodd-Frank/CHRG-111hhrg48874/CHRG-111hhrg48874--68.txt Steve Wilson , LCNB Bank , from Lebanon , Ohio ; and Mike Menzies from Easton Bank & Trust Company . CongressionalHearings/Dodd-Frank/CHRG-111hhrg55814/CHRG-111hhrg55814--380.txt STATEMENT OF R. MICHAEL S. MENZIES , SR. , PRESIDENT AND CHIEF EXECUTIVE OFFICER , EASTON BANK AND TRUST , CO. , ON BEHALF OF THE INDEPENDENT COMMUNITY BANKERS OF AMERICA -LRB- ICBA -RRB- '' CongressionalHearings/Dodd-Frank/CHRG-111hhrg54869/CHRG-111hhrg54869--162.txt Mr. Cleaver , '' Our next witness is Mr. Mark Zandi , the chief economist and co-founder of Moody 's Economy.com.MARK ZANDI , CHIEF ECONOMIST AND CO-FOUNDER , MOODY 'S ECONOMY.COM ''