Panel sets hearing next month with federal financial institution regulators

Diversity, accountability, and safety and soundness of financial institutions during the coronavirus crisis will be topics when federal financial institution regulators appear before the House Financial Services Committee Nov. 12, the committee chair announced Tuesday.

In a press release, committee Chairwoman Maxine Waters (D-Calif.) said the Nov. 12 hearing would be a virtual one – that is, all committee members and witnesses will participate remotely with no in-person participation in the hearing room.

The committee did not release a witness list Tuesday. However, past such hearings – including one held Dec. 4, 2019, by the committee – featured Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams, Federal Reserve Board Vice Chair for Supervision Randal Quarles, National Credit Union Administration (NCUA) Board Chairman Rodney Hood, and (now former) Comptroller of the Currency Joseph M. Otting. Otting resigned his office in late May; he was replaced by Brian P. Brooks, who is acting comptroller.

The hearing is scheduled to get underway at noon.

Chairwoman Waters Announces November Hearing Schedule