America's Credit Unions Member Logix Federal Credit Union To Testify Before House Financial Services Subcommittee

Ana Fonseca

​Ana Fonseca, President & CEO of Logix Federal Credit Union, is set to testify on Wednesday, March 26, before the House Financial Services Subcommittee on Financial Institutions in a hearing titled "A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections". The hearing begins at 10 a.m. ET and will be available online via the committee’s YouTube channel. 

Fonseca will share America's Credit Unions' recommendations to increase transparency and accountability at the CFPB, including: 

• Moving the leadership to a bipartisan commission;
• Increasing Congressional oversight of the CFPB;
• Providing greater clarity on UDAAP;
• Expanding and clarifying exemptions for credit unions from the CFPB;
• Increasing CFPB usage of cost-benefit analysis and SBREFA panels; and
• Reforming the Civil Investigative Demand (CID) process.

Additionally, Fonseca will detail how costly compliance burdens impact credit unions and their ability to meet members' financial needs.

Read Fonseca's written testimony.

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