Member Corner

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 »