Member Corner

Today at The Bottom Line we welcome a guest blogger, Phillip Swagel. Phillip is a Professor of International Economic Policy at the University of Maryland and a former Assistant Secretary for Economic Policy at the Treasury Department.  His blog post is on the importance of Treasury continuing to require Fannie Mae and Freddie Mac to make dividend payments to taxpayers. A reduction… Read more »

WASHINGTON – Attacks from Democrats claiming a bipartisan commission to oversee the Consumer Financial Protection Bureau (CFPB) is somehow “anti-consumer” ring hollow in light of the record.  Until recently, many of these same Democrats supported, proposed and voted for exactly such a commission.  Below is a timeline showing the evolution of Democratic support for a… Read more »

Earlier today, a coalition of liberals groups released a letter claiming a bill (H.R. 1121) putting a bipartisan commission in charge of the Consumer Financial Protection Bureau (CFPB) is bad for consumers. It cannot escape notice that these same liberal groups endorsed proposals by Democrats and the Obama Administration in 2009 to put a bipartisan commission in charge of the… Read more »

The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, approved three bills to improve the Consumer Financial Protection Bureau (CFPB) on April 4th. On Thursday of this week, the Financial Services Committee is scheduled to markup all three of these bills, which are: The Responsible Consumer Financial Protection Regulations Act of 2011,… Read more »

  Source: AFIP and AIG: http://www.gao.gov/new.items/d11476t.pdf   GSEs: http://www.fhfa.gov/webfiles/19846/FNMandFRECapital4Q10.pdf AFIP: Automotive Industry Financing Program (Contains bailouts for GM, Chrysler and GMAC/Ally Financial) Read more »

Watch video of Rep. Shelley Moore Capito, Chairman of the Financial Institutions and Consumer Credit Subcommittee, discuss legislation to bring greater accountability and oversight to the powerful Consumer Financial Protection Bureau  http://video.cnbc.com/gallery/?video=3000020286 Read more »

Welcome to the The Bottom Line, a new blog about financial regulation, financial services issues and housing policy from the House Financial Services Committee.  It’s where Members of the Committee and Committee staff will help educate policy makers, market observers and constituents about the financial markets and legislative proposals before the Financial Services Committee.… Read more »