PRESS RELEASE

March 13, 2009

NASCUS to Testify at Senate Banking Committee March 19 Hearing on Modernizing the Regulatory System

ARLINGTON, Va. — NASCUS accepted an invitation March 12 to testify before the Senate Banking, Housing and Urban Affairs Committee at a March 19 hearing to discuss regulatory reform for the financial services system. NASCUS Chairman George Reynolds, senior deputy commissioner of the Georgia Department of Banking and Finance, will represent NASCUS at the hearing tilted: "Modernizing Bank Supervision and Regulation." Reynolds will share NASCUS' perspective on modernizing the regulatory framework and comment on the hearing's areas of focus including prudential and systemic risk regulation, consumer protection and access to credit as well as risk management. Regulatory modernization and financial services reform are priorities for Committee Chairman Chris Dodd (D-Conn.). NASCUS testimony will be available on the NASCUS Web site following the March 19 hearing at www.nascus.org.


Information Contact:
Kate Hartig, VP, Public Relations and Legislative Affairs, (703) 528-0669 or kate@nascus.org
The NASCUS mission is to enhance state credit union supervision and advocate a safe and sound state credit union system.