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Weekly Rundown
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 Week of October 14, 2019


  • This week, the U.S. House of Representatives and U.S. Senate are in session for legislative business, though neither chamber is expected to consider student aid-related legislation. Tomorrow, House Education and Labor Committee Chairman Bobby Scott (D-VA) is expected to introduce a newly-updated Aim Higher Act to reauthorize the Higher Education Act.
  • On Tuesday at 2:00 p.m., NCHER holds its Monthly Membership Call, which will provide a summary of the September 24, 2019 meeting of the NCHER Board of Directors; a summary of, and updates on, major items being worked on by our committees, caucuses, and working groups; and a Washington Update, including recent legislative and regulatory actions by Congress, the White House, the Department of Education, the Department of Treasury, the Consumer Financial Protection Bureau (CFPB), and the Federal Communications Commission. Note: The call-in number has been circulated to each organization’s primary point of contact.
  • On Tuesday starting at 2:00 p.m., insideARM hosts a webinar titled, “Validation: A Closer Look at the CPFB’s Notice of Proposed Rulemaking on Debt Collection.” The webinar will take a look at: what the rule says in practical terms, what changes to business practices are likely necessary, what stresses are likely to be placed on business, what risks there might bee to business in this section, and what open questions remain that the text of the rule does not answer. For more information or to RSVP for the webinar, visit the event website.
  • On Wednesday at 10:00 a.m., the House Financial Services Committee holds a hearing titled, “Who is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” The sole witness will be: The Honorable Kathy Kraninger, Director, CFPB. The hearing will be livestreamed on the committee website.
  • On Wednesday at 10:00 a.m., the House Budget Committee holds a hearing titled, “Strengthening Our Fiscal Toolkit: Policy Options to Improve Economic Resiliency.” Witnesses include: Dr. Olugbenga Ajilore, Senior Economist, Center for American Progress; Dr. Douglas Elmendorf, Dean, Harvard Kennedy School; John Hicks, Executive Director, National Association of State Budget Officers; and Dr. Douglas Holtz-Elkin, President, American Action Forum. The hearing will be livestreamed on the committee website.


  • On Wednesday at 2:00 p.m., the Federal Reserve releases its Beige Book. Eight times a year, the Fed releases its Beige Book, a summary of current economic conditions for the 12 Federal Reserve Districts based on anecdotal information gathered through reports from Bank and Branch Directors and interviews with key business contacts, economists, market experts, and other sources.
  • On Thursday at 10:00 a.m., the Senate Banking, Housing, and Urban Affairs Committee holds a hearing titled, “The Consumer Financial Protection Bureau's Semi-Annual Report to Congress.” The sole witness will be: The Honorable Kathy Kraninger, Director, CFPB. The hearing will be livestreamed on the committee website.
  • On Thursday starting at 11:30 a.m., New America hosts an event titled, “Redefining What a 'Good’ College Is.” According to the invite, for decades, a college or university was considered “good” if it was exclusive, wealthy, and prestigious. But under political and market pressures, that definition is beginning to shift to schools that do good - by providing quality degrees at reasonable prices to non-wealthy students while encouraging those students to become engaged citizens. Participants include: Kevin Carey, Vice President for Knowledge Management and Education Policy, New America; Chauncy Lennon, Vice President for Future of Learning and Work, Lumina Foundation; George Bridges, President, Evergreen State College; Kassie Phebillo, Votes Program Coordinator, University of Texas at Austin's Annette Strauss Institute for Civic Life; Anne Kim, Contributing Editor, Washington Monthly; Paul Gastric, Editor in Chief, Washington Monthly; Melissa Curry, Program Manager, Microsoft; Joyce Hammer, Vice President of Instruction, Centralia College; Grace Gedye, Associate Editor, Washington Monthly; and Mary Alice McCarthy, Director, Center on Education and Kills, Education Policy Program, New America. For more information or RSVP for the event, visit the event website.
  • On Friday at 11:30 a.m., Federal Reserve Board of Governor Vice Chair Richard Clarita gives a speech titled, “U.S. Economic Outlook and Monetary Policy,” at the CFA Institute Fixed-Income Management Conference 2019 in Boston, MA. To watch the speech live, click here.
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