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House Unanimously Approves Bill To Review Economic Impact Of FDIC Practices
Jul 29, 2011
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The U.S. House of Representatives has approved legislation to thoroughly review the causes of recent bank failures as well as the impact of the FDIC’s practices and procedures on community banks. H.R. 2056, introduced by Financial Services Committee Member Rep. Lynn Westmoreland, requires the Inspec...
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Financial Services Committee’s Hearing Schedule for First Week of August
Jul 27, 2011
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Financial Services Committee Chairman Spencer Bachus today announced the committee’s hearing schedule for the first week of August. All hearings will begin at 10 a.m. and will take place in Room 2128 Rayburn. Wednesday, August 3: The Insurance, Housing and Community Opportunity Subcommittee will hol...
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Oversight Subcommittee Hearing Focuses on Credit Rating Agencies
Jul 26, 2011
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As the nation’s major credit rating companies threaten to downgrade the credit rating of the United States over the swelling size of the national debt, the Oversight and Investigations Subcommittee will meet on Wednesday to examine the credit rating industry and the impact of Dodd-Frank Act changes ...
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Capito Announces Subcommittee Hearing On Rent-to-Own Industry
Jul 25, 2011
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The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will meet on Tuesday, July 26 for a hearing on legislation to improve oversight and transparency of the rent-to-own industry. During the hearing, the Subcommittee will focus on H.R. 1588, the Consumer ...
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Subcommittee To Examine Impact Of Multi-Lateral Development Banks On Job Creation
Jul 25, 2011
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The Subcommittee on International Monetary Policy and Trade will consider the impact of the World Bank and multilateral development banks (MDBs) on U.S. job creation at a hearing on Wednesday, July 27, 2011 at 2:00 p.m. The hearing will focus on how MDB lending and assistance to middle-income and po...
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Paul: Subcommittee To Examine Federal Reserve Role In The Economy
Jul 21, 2011
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The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will question Federal Reserve Bank of Kansas City President Dr. Thomas Hoenig about the Federal Reserve’s role in the economy and the likelihood of QE3 during a hearing on July 26. Dr. Hoenig is the longest-serving o...
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House Approves Accountability Bill for Consumer Protection Bureau
Jul 21, 2011
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On a bipartisan vote of 241 to 173, the House of Representatives approved legislation to bring accountability, transparency, and oversight to the Consumer Financial Protection Bureau (CFPB). The Dodd-Frank Act, signed into law a year ago, established the CFPB as an independent bureau within the Fede...
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Bill To Review Impact of Bank Examination Practices on Economic Recovery Approved By Committee
Jul 20, 2011
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The Financial Services Committee, chaired by Rep. Spencer Bachus, approved legislation to bring transparency to the FDIC’s bank closure process and procedures. H.R. 2056, authored by Rep. Lynn Westmoreland, requires the FDIC Inspector General to study issues raised by the recent rash of bank failure...
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Bill Providing Critical Access To Tornado And Storm Warnings For Families Approved By Committee
Jul 20, 2011
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The Financial Services Committee approved legislation sponsored by Chairman Spencer Bachus today to equip new manufactured homes with NOAA weather radios so residents can receive earlier storm warnings. The bill was approved by a voice vote. The bill, C.J.’s Home Protection Act (H.R. 1751), is named...
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Chairman Bachus Responds to Democrat Criticism of CFPB Accountability Bill
Jul 20, 2011
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Financial Services Committee Chairman Spencer Bachus issued the following statement in response to a press conference held by Democrats on Wednesday about legislation the House will consider on Thursday to bring needed accountability to the Consumer Financial Protection Bureau (CFPB): “It is amazing...
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