News List

  • Chairman Bachus Delivers Opening Statement At FSOC Hearing
    Oct 6, 2011 - Financial Services Committee Chairman Spencer Bachus made the following statement today during a Full Committee hearing with Treasury Secretary Tim Geithner on the first report of the Financial Stability Oversight Council (FSOC). "Mr. Secretary, this morning you were quoted as saying that 'the bigge... More
  • Committee to Receive Annual Report of the Financial Stability Oversight Council
    Oct 4, 2011 - Treasury Secretary Timothy Geithner will testify before the Financial Services Committee on Thursday about efforts to implement regulatory reforms and identify emerging threats to the nation’s financial stability. Secretary Geithner will deliver to the Committee the annual report of the Financial St... More
  • Subcommittee to Assess Obama Administration’s Response to Housing Crisis
    Oct 3, 2011 - The Subcommittee on Housing, Insurance and Community Opportunity will hold a hearing this week to examine the Obama Administration’s response to the housing crisis, including new proposals announced by the President during his recent speech to a joint session of Congress. The Administration created ... More
  • Paul Subcommittee to Explore Auditing the Fed
    Sep 29, 2011 - The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on auditing the Federal Reserve and the need for transparency at the central bank. The Subcommittee will receive testimony from the Government Accountability Office (GAO) on its procedural audit a... More
  • Updated Committee Schedule For First Two Weeks In October
    Sep 28, 2011 - The Financial Services Committee released an updated schedule of hearings and mark ups for the first half of October. The Committee schedule is tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become final only when the offi... More
  • Small N.M. banks worried about future
    Sep 26, 2011 - By Winthrop Quigley Albuquerque Journal Most of New Mexico’s smaller banks survived the 2008 financial panic and the worst recession since the 1930s in pretty good shape. They are not so sure they can survive new federal regulations put in place in response to the panic. Thomas M. Hoenig, who is ret... More
  • N.M. bank regulator: Some federal laws ‘onerous’
    Sep 26, 2011 - By Winthrop Quigley Albuquerque Journal SANTA FE — Bankers looking for understanding and support as they struggle with new federal regulations need look no further than the third floor of the Toney Anaya Building on Cerrillos Road where the state’s chief financial institutions regulator has her offi... More
  • Realtors await jobs pickup
    Sep 26, 2011 - Paul Wyche The Journal Gazette Recessions come and recessions go, but the one constant economic rejuvenator has remained housing. That is the mantra of Rick Davidson, president and CEO of Century 21 Real Estate, who was in Fort Wayne on Tuesday to attend the grand opening of Century 21 Bradley Realt... More
  • Local Newspaper Stories Underscore Growing Concerns About Impact Of Dodd-Frank Act On Jobs, Economy
    Sep 26, 2011 - Outside Washington, D.C., there is growing concern about the regulatory burden imposed by the Dodd-Frank Act and the harmful effect it will have on jobs. Cynthia Richards, New Mexico’s Financial Institutions Division director, tells the Albuquerque Journal that the Dodd-Frank Act is “onerous,” “cost... More
  • The Dodd-Frank Act: Ill Conceived, Destined to Fail
    Sep 23, 2011 - Today’s American Banker includes a dead-on piece about how the Dodd-Frank Act, with its 2,300 pages and more than 400 regulations, is “regulatory overkill” with unintended consequences that hurt consumers and the economy. “It's a fool's mission for our government to try to micro-manage our financial... More