Week of April 24, 2017
· This week, both the U.S. House and U.S. Senate are in session for legislative business. While neither chamber is expected to consider student financial aid-related legislation, Congress is expected to consider a Continuing Resolution to temporarily extend the funding for federal agencies which expires on Friday; failure to do so would result in a shutdown of the federal government.
· Today is the deadline to submit public comments on the Consumer Financial Protection Bureau’s (CFPB) proposed information collection on “Student Loan Servicing Market Monitoring.” To submit comments, visit the CFPB website.
· Today at 1:00 p.m., the Federal Communications Commission’s (FCC) Consumer and Governmental Affairs Bureau hosts a consumer information webinar. The free webinar will provide information about the FCC’s online Consumer Help Center (CHC), which has several consumer education features that allow consumers to search for consumer guides, access the Consumer Complaint Center, and view complaint data via the Consumer Data Center. This webinar will provide detailed information about the CHC’s features and give instructions on how to navigate each section.
· On Tuesday starting at 3:00 p.m., the CFPB holds a meeting of its Community Bank Advisory Council to discuss the Bureau’s requests for information on alternative data and consumer access to financial records. During the event, attendees will hear from David Silberman, Acting Deputy Director, CFPB; Shiri Wolf, Counsel, Regulations, CFPB; Albert Chang, Counsel, Fair Lending and Equal Opportunity, CFPB; Will Wade-Gery, Assistant Director, Card, Payment, and Deposit Markets, CFBP, and Stephen Shin, Managing Counsel, Regulations, CFPB.
· On Wednesday at 10:00 a.m., the House Financial Services Committee holds a hearing entitled, “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs.” The hearing will address the most recent version of the Financial CHOICE Act, which would overhaul the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010. Witnesses include: John Allison, Former President and Chief Executive Officer, Cato Institute; Dr. Norbert Michel, Senior Research Fellow, Financial Regulations and Monetary Policy, Institute for Economic Freedom and Opportunity, The Heritage Foundation; Hester Peirce, Director of Financial Markets Working Group and Senior Research Fellow, Mercatus Center; Alex Pollock, Distinguished Senior Fellow, The R Street Institute; and Peter Wallison, Senior Fellow and Arthur F. Burn, Fellow in Financial Policy Studies, American Enterprise Institute.
· On Wednesday at 10:00 a.m., the Senate Homeland Security and Governmental Affairs Committee holds a hearing titled, “Duplication, Waste, and Fraud in Federal Programs.” Witnesses include: The Honorable Eugene Dodaro, Comptroller General of the United States, U.S. Government Accountability Office; The Honorable J. Russell George, Inspector General for Tax Administration, U.S. Department of Treasury; The Honorable Rebecca Blank, Chancellor, University of Wisconsin-Madison; and Keith Repko, Medical Center Director, VA St. Louis Health Care System, Veterans Health Administration, U.S. Department of Veterans Affairs.
· On Wednesday at 12:00 p.m., the Cato Institute hosts a policy discussion titled, “End the ED: Time to Dissolve the U.S. Department of Education?” The event will begin with opening remarks by Rep. Thomas Massie (R-KY). Participants in the discussion include: Vicki Alger, Research Fellow, Independent Institute, and author, Failure: The Federal Misedukation of America’s Children; Catherine Brown, Vice President, Education Policy, Center for American Progress; Neal McCluskey, Director, Center for Educational Freedom, Cato Institute; and Lauren Camera, Education Reporter, U.S. News & World Report.
· On Wednesday at 1:00 p.m., the Brookings Institution and The Hamilton Project host a policy forum titled, “Leveling the Playing Field: Policy Options to Improve Postsecondary Education and Career Outcomes.” The event will begin with introductory remarks by Robert Rubin, Co-Chair, Council on Foreign Relations, and former U.S. Treasury Secretary, followed by three roundtable discussions. The first roundtable will discuss policy options to better finance higher education and include: David Deming, Professor of Education and Economics, Harvard University; Sarah Turner, University Professor of Economic and Education and Sounder Family Professor, University of Virginia; Bridget Terry Long, Saris Professor of Education and Economics, Graduate School of Education, Harvard University; Charlene Dukes, President, Prince George’s Community College; Sarita Brown, President, Excelencia in Education; and Diane Schanzenbach, Director, Hamilton Project, and Senior Fellow, Economic Studies, Brookings Institution. The second roundtable will discuss risk-sharing in the student loan program and include: Adam Looney, Senior Fellow, Economic Studies, Brookings Institution; Tara Watson, Associate Professor of Economics, Williams College; Michael Dakduk, Executive Vice President and Director of Government Relations, Career Education Colleges and Universities; Sandra Black, Audre and Bernard Rapoport Centennial Chair in Economics and Public Affairs, University of Texas at Austin; Belle Wheelan, President, Southern Association of Colleges and Schools Commission on Colleges; James Kvaal, Towsley Foundation Policymaker in Residence, University of Michigan; and Ryan Nunn, Policy Director, The Hamilton Project, and Fellow, Economic Studies, Brookings Institution. The third roundtable will address K-12 teacher shortages and include: Thomas Dee, Professor and Associate Dean for Faculty Affairs, Graduate School of Education, Stanford University; Louis Jacobson, President, New Horizons Economic Research, and Research Professor, George Washington Institute of Public Policy; Andy Smarick, Morgridge Fellow in Education, American Enterprise Institute; Heather Wathington, Chief Executive Officer, The Maya Angelou Schools and See Forever Foundation; and Diane Schanzenbach, Director, Hamilton Project, Senior Fellow, Economic Studies, Brookings Institution.
· On Thursday at 10:00 a.m., the House Education and the Workforce Committee holds a hearing entitled, “Strengthening Accreditation to Better Protect Students and Taxpayers.” Witnesses will be announced at a later date.
· On Friday from 12:00 to 3:00 p.m., NCHER participates in Financial Literacy Day on Capitol Hill, hosted by the Jump$tart Coalition. The event, which is free and open to the public, provides networking opportunities with the national financial education community and offers organizations the ability to share programs which help promote financial literacy.
· On Friday at 1:15 p.m., Federal Reserve Board of Governors Member Lael Brainard gives a speech titled, “Fintech and the Future of Finance,” at the Kellogg School of Management at Northwestern University in Evanston, IL.
This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.