Sunday Video Message | Rep. Shelley Moore Capito
| Posted in Member Corner
Financial Institutions & Consumer Credit Subcommittee Chairman Shelley Moore Capito delivers this week's Sunday Video Message, the first in our new series. In the video, Rep. Capito previews next week's hearing on the Dodd-Frank Act's negative impact on homeownership. Chairman Hensarling Announces Remainder of Committee’s June Schedule
| Posted in Press Releases
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule of hearings and markups for the last two weeks of June. Chairman Hensarling Announces New Subcommittee Assignments for Two Members
| Posted in Press Releases
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced new subcommittee assignments for two members of the committee -- Rep. Dennis Ross (R-FL) and Rep. Keith Rothfus (R-PA). Hearing Shows CFPB's QM Rule Limits Access to Credit
| Posted in Press Releases
Members of the Financial Institutions and Consumer Credit Subcommittee expressed concerns at a hearing today that the Qualified Mortgage rule mandated by the Dodd-Frank Act will reduce access to credit that qualified borrowers need to buy homes. Subcommittee Hearing Examines Regulatory Burden on Community Banks
| Posted in Press Releases
The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on community banks’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Financial Institutions Subcommittee hearing. Subcommittee Hearing Examines Regulatory Burden on Credit Unions
| Posted in Press Releases
The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on credit unions’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Financial Institutions Subcommittee hearing. Committee Addresses FHFA, Community Banking
| Posted in Member Corner
FHFA In 2008, Fannie Mae and Freddie Mac, the two giant government sponsored entities which helped fuel the housing bubble, received the largest bailout in U.S. history. Serving as Acting Director of the Federal Housing Finance Agency (FHFA), Edward DeMarco has been tasked with managing the GSEs’ mortgage portfolio and protecting taxpayers from future… More Regulations, Fewer Community Banks Due to Dodd-Frank
| Posted in Press Releases
Nearly three years after the enactment of the Dodd-Frank Act, community banks continue to struggle with navigating the confusing, complex, voluminous, and harmful rules and regulations of this law according to a recent report from the Federal Deposit Insurance Corporation (FDIC) reviewed at today’s Financial Institutions Subcommittee hearing. Chairman Bachus Commends Senators Who Stood Up for Accountability at the CFPB
| Posted in Press Releases
Financial Services Committee Chairman Spencer Bachus on Thursday issued the following statement, commending senators who refused to confirm an unaccountable director for the Consumer Financial Protection Bureau (CFPB) unless and until structural reforms are made to the bureaucracy: “The CFPB under the direction of a single person embodies the Obama Administration’s seemingly endless… More Calls for a Commission, Not a Director, at the CFPB
| Posted in Member Corner
The Consumer Financial Protection Bureau would be strengthened – not weakened – if its leadership structure were changed to a bipartisan commission, argues Roland E. Brandel in the American Banker. Calling the vesting of the bureau’s enormous power in a single person a “serious flaw,” the highly acclaimed consumer financial services lawyer writes: “A single director, no matter how… Browse Documents by Date or Issue |
