McWatters testifies before Senate Banking today on economic growth

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA Acting Chairman J. Mark McWatters is set to testify today before the Senate Banking Committee as part of the panel’s series of hearings focused on fostering economic growth.NAFCU will attend today’s hearing, which is slated to begin at 10 a.m. Eastern. The Senate Banking Committee will also hear from Federal Reserve Gov. Jerome Powell, FDIC Chairman Martin Gruenberg, Acting Comptroller of the Currency Keith Noreika and Texas banking Commissioner Charles Cooper, on behalf of the Conference of State Bank Supervisors.Earlier this month, NAFCU witness Steve Grooms, president and CEO of 1st Liberty Federal Credit Union of Great Falls, Mont., appeared before the committee and said that NAFCU stood ready to work with Congress on meaningful regulatory relief for the credit union industry.Grooms said that if Congress wants to foster economic growth, it is vital to enact relief for credit unions, including: relaxed field-of-membership restrictions; modernized credit union capital standards; exemptions from rules targeting banks and larger institutions (including Home Mortgage Disclosure Act rules); more freedom for member business lending; and a total credit union exemption from the CFPB’s rulemaking. continue reading »last_img read more

PCP: Most surprising decision?

first_imgBraun: The question that has challenged the UW football coaching staff all summer has been one with two answers. At least that’s what we thought.Who will start at quarterback for the Badgers? The most logical answers would be Dustin Sherer or Curt Phillips — either the experienced senior or the hyped freshman.Then, seemingly in a matter of days, that competition was all for naught. Sherer begins to learn hand motions on the sidelines and Phillips is in cruise control, getting ready to start against Northern Illinois on Saturday.And now, your starting quarterback is… Scott Tolzien?Wait, really?When the coaching staff released the depth chart on Aug. 27, I was surprised to see Zach Brown ahead of John Clay and the freshman Mike Taylor on top of the linebacker core, but none of them compare to the shock from seeing Tolzien’s name on the top of the list.Now I know we haven’t seen much from Tolzien. A brief appearance at Iowa last season was just about as much he’s played in any game in his career at UW. He might work hard, but it’s not like he’s much more developed in game situations than Phillips.Obviously, Tolzien has played more than Phillips, but what he lacks in past game experience, he makes up for with talent and the ability to develop as UW’s quarterback over the next four seasons. That should be enough for the UW coaching staff to put him in the starting role.Bleach: Bret Bielema anointing junior Scott Tolzien as his starting quarterback is surprising, Jonah, I will give you that.Opening the season with freshman linebacker Mike Taylor among the front seven, however, is nothing short of shocking.Coming out of spring camp, Bielema assured the media the three linebackers would be Jaevery McFadden, Culmer St. Jean and Blake Sorensen, with no one else being close.Well, two out of three ain’t bad.Although Sorensen probably isn’t too pleased with the move, everyone else in Badgerland should be. With Taylor starting as a freshman, Wisconsin will have a legit linebacker for four straight years (barring injury, knock on wood!) and a cornerstone leader of the defense in the wings.The defense had two major weaknesses last year: giving up big plays and struggling to create big plays. You know, other than that, they were fine.With Taylor in the game, hopefully at least one of those issues will be resolved. Although Taylor is a fairly big unknown, the rumor mill and my eyes from fall practice saw a fast linebacker who is extremely aggressive. The crystal ball we keep in the Herald shows sacks, interceptions and forced fumbles in his future.Either way, starting Taylor is the boldest of many moves Bielema has enacted since fall camp broke. It’s up to the precocious youngster to prove it’s also his wisest.last_img read more