Financial Literacy -- Mr. Secretary , what specific financial literacy responsibilities will the Consumer Financial Protection Agency have?A .2 .
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 .
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 .
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 .
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
Having the Federal Reserve become the systemic risk regulator for all large financial institutions concentrates enormous power in one agency .
PREPARED STATEMENT OF SENATOR TIM JOHNSON Thank you Mr. Chairman for holding today 's hearing .
Mr. Griffin is also a member of several philanthropic boards , including service as Vice Chairman of the Chicago Public Education Fund .
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- ''
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 .
Mr. Hunter?STATEMENT OF J. ROBERT HUNTER , DIRECTOR OF INSURANCE , CONSUMER FEDERATION OF AMERICA -LRB- CFA -RRB- ''
And next , we will hear from Mr. J. Robert Hunter , director of insurance for the Consumer Federation of America .
This hearing is entitled , `` Regulatory Restructuring : Balancing the Independence of the Federal Reserve in Monetary Policy With Systemic Risk Regulation . ''
Ms. Williams.TESTIMONY OF ORICE M. WILLIAMS , DIRECTOR , FINANCIAL MARKETS AND COMMUNITY INVESTMENT , UNITED STATES GOVERNMENT ACCOUNTABILITY OFFICE -LRB- GAO -RRB- Ms. Williams .
This hearing is entitled , `` Regulatory Restructuring : Safeguarding Consumer Protection and the Role of the Federal Reserve . ''
After Mr. Wallison , we will hear from the Honorable Martin Baily , Senior Fellow in Economics Studies at the Brookings Institution .
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- ''
Mr. Fryzel , `` STATEMENT OF MICHAEL E. FRYZEL , CHAIRMAN , NATIONAL CREDIT UNION
So , with that , Mr. Barr , Mr. Secretary , we look forward to your testimony.STATEMENT OF MICHAEL S. BARR , ASSISTANT SECRETARY FOR FINANCIAL
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- ''
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 .
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 .
PREPARED STATEMENT OF SENATOR TIM JOHNSON Thank you Chairman Dodd and Ranking Member Shelby for holding today 's hearing .
Mr. Johnson , '' STATEMENT OF ARTHUR C. JOHNSON , CHAIRMAN AND CHIEF EXECUTIVE OFFICER , UNITED BANK OF MICHIGAN , GRAND RAPIDS , MICHIGAN , ON
Mr. Ackerman , '' The New York State Insurance Supervisor , Eric Dinallo , came before a different committee of Congress back in October and said that .
Next , we will have Mr. Robert Pickel , chief executive officer , International Swaps and Derivatives Association , Incorporated .
Mr. Michael , '' STATEMENT OF FRANK MICHAEL , PRESIDENT AND CHIEF EXECUTIVE OFFICER , ALLIED CREDIT UNION , STOCKTON , CALIFORNIA , ON BEHALF
Mr. Templeton , '' Good afternoon , Chairman Johnson , Ranking Member Crapo , and Members of the Subcommittee .
We are pleased to see that NCUA Board Chairman Mr. Michael Fryzel recently announced the creation of such an office at NCUA .
--------------------------------------------------------------------------- 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 .
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 .
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
--------------------------------------------------------------------------- \ 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 .
The Administration 's regulatory reform proposal preserves the role of State chartered banks and State supervision .
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 .
Steve Wilson , LCNB Bank , from Lebanon , Ohio ; and Mike Menzies from Easton Bank & Trust Company .
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- ''
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 ''