12/16/2004
Rep. Barney Frank: Lack of Federal Consumer Protections on Popular
Gift Cards Highlights Problem with OCC Rule
WASHINGTON--Rep. Barney Frank (D-MA) is decrying federal bank regulators' refusal
to fix a large crack in consumer protection laws that could leave millions
of Americans buying gift cards this holiday season open to hidden fees that
can quickly diminish the value of the cards. (more)
11/10/2004
Barney Frank Withdraws Support for Increased OFHEO Funding
Rep. Barney Frank (D-MA), Ranking Member of the House Financial Services Committee,
today wrote a letter to the Chairman and Ranking Member of the Subcommittee
on VA, HUD and Independent Agencies of the House Appropriations Committee withdrawing
his support, expressed earlier this year, for an increased appropriation for
the Office of Federal Housing Enterprise Oversight (OFHEO). (more)
10/29/2004
Rep. Frank Asks OFHEO to Authorize Release of HUD Inspector General
Report
House Financial Services Committee senior Democrat Barney Frank today wrote
to the Director of the Office of Federal Housing Enterprise Oversight (OFHEO)
to request that relevant OFHEO employees provide appropriate waivers to allow
release of the report prepared by the U.S. Department of Housing and Urban
Development's Inspector General regarding OFHEO's investigation of Fannie Mae. (more)
10/22/2004
Rep. Frank Urges Release of HUD Inspector General Report
U.S. Congressman Barney Frank, the senior Democrat on the House Financial Services
Committee, sent the attached letters this week, urging the public release of
a recent report prepared by the U.S. Department of Housing and Urban Development's
Inspector General regarding the Office of Federal Housing Enterprise Oversight's
investigation of Fannie Mae. (more)
10/07/2004
Congressman Frank Introduces Preservation of Federalism in Banking
Act, H.R. 5251 (more)
10/07/2004
Oxley and Frank Announce Boston Hearing on Northeast Bank Mergers (more)
09/29/2004
Oxley and Frank Urge Higher OFHEO Funding Levels (more)
09/22/2004
Congressmen Frank and Kanjorski Ask That OFHEO Report Be Made
Public
Rep. Barney Frank (D-MA), Ranking Member of the House Financial
Services Committee and Rep. Paul Kanjorski, Ranking Member of the
Subcommittee on Capital Markets, Insurance, and Government Sponsored
Enterprises today sent a letter to Armando Falcon, Director of the
Office of Federal Housing Enterprise Oversight asking him to immediately
release a report on accounting practices and policies at Fannie Mae. (more)
08/03/2004
Tripartisan Group Seeks Movement on Legislation to Overturn OCC's
Preemption and Visitorial Regulations
WASHINGTON -- A tripartisan group of Members of the House
Financial Services Committee recently urged the chairman of the committee
to address the expansion of power by the Office of the Comptroller
of the Currency (OCC) and to allow Members the opportunity to fully
debate and vote on the issue. (more)
06/29/04
House Democrats Urge the President to Focus on Affordable Housing
in GSE Legislation
WASHINGTON - Seventy-six Democratic Members of the U.S House of Representatives
today urged President George W. Bush to join them in pressing the housing-related
Government Sponsored Enterprises (GSEs) to beef up their affordable housing
efforts. (more)
06/25/04
Bill Introduced to Preserve Housing for More Than 100,000 Families
WASHINGTON--House Financial Services Ranking Member Barney Frank (D-MA) Thursday
introduced a bill that would help stave off an emerging problem that could
cause more than 100,000 low-income families to lose their affordable housing
by 2013. Just over half of the Committee's Democratic caucus, including Rep.
Bernie Sanders (I-VT), have also signed on as cosponsors. (more)
06/04/2004
International Remittance Services Qualify for CRA Credit: Committee
Members Welcome Bank Regulators' Agreement on Remittances
WASHINGTON--Several Democratic Members of the House Financial Services Committee
today welcomed federal banking regulators' agreement that financial institutions
should receive Community Reinvestment Act (CRA) credit for offering international
remittance services. (more)
05/20/2004
Committee Members Decry HUD Secretary's Comments on the Poor
WASHINGTON--Rep. Barney Frank (D-MA), Ranking Member of the House Financial
Services Committee, and committee members Reps. Barbara Lee (D-CA) and Michael
Capuano (D-MA) today expressed their dismay at remarks made by U.S. Department
of Housing and Urban Development (HUD) Secretary Alphonso Jackson during a
hearing before the committee. (more)
05/04/2004
Rep. Frank Introduces Bill to Protect Low-Income Families and
Ensure Full Funding for the Section 8 Program
WASHINGTON--House Financial Services Committee Ranking Member Barney Frank
(D-MA) and Democratic Leader Nancy Pelosi today announced the introduction
of legislation to clarify the intent of language in Fiscal Year 2004 appropriations
concerning the Section 8 housing voucher program. (more)
04/22/2004
Rep. Barney Frank Introduces Bill to Remove the Perverse Incentive Hidden in
Stock Options
WASHINGTON-- House Financial Services Committee Ranking Member Barney Frank
(D-MA) today introduced legislation that would prevent corporate executives
from profiting on the exercise of stock options when shareholders are suffering
losses. (more)
04/16/2004
Massachusetts Congressmen and Senators Condemn HUD's Latest Effort
to Gut Housing Voucher Program
WASHINGTON- Rep. Barney Frank today joined other federal legislators from Massachusetts
in decrying action by the U.S. Department of Housing and Urban Development
(HUD) that would create a $3 million budget shortfall for the state's housing
authority and jeopardize housing for approximately 2,000 people in the state. (more)
04/07/2004
Committee Members Laud Treasury Effort on Remittances
WASHINGTON-Several Democratic members of the House Financial Services Committee
recently expressed support for efforts by the U.S. Treasury Department to make
international remittances more affordable and accessible for U.S consumers. (more)
02/24/2004
Committee to Hold Hearings on Mortgage Maturities Described in
GAO Report
WASHINGTON--House Financial Services Committee Chairman Michael G. Oxley (OH)
and Ranking Member Barney Frank (MA) announced today that the Committee will
hold hearings in the wake of a General Accounting Office (GAO) report released
yesterday about an emerging problem that could affect more than 100,000 low-income
families and their affordable housing by 2013. (more)
02/12/2004
Committee Democrats Urge Delay in
OCC Preemption Rule
WASHINGTON-A sizable portion of the Democratic members of the House Financial
Services Committee, led by Ranking Member Barney Frank (D-MA), Wednesday pressed
the Office of the Comptroller of the Currency (OCC) to postpone the effective
date of its controversial preemption rule. (more)
01/21/2004
Reps. Frank and Sanders Call for Congressional Hearings on CRA
Proposal
WASHINGTON - House Financial Services Committee Ranking Member Barney Frank
(D-MA) and Rep. Bernie Sanders (I-VT), the Ranking Member of the Financial
Institutions and Consumer Credit Subcommittee today called for a hearing into
proposed changes to Community Reinvestment Act (CRA) regulations. (more)
