Two Financial Services subcommittees will hold a joint hearing on Thursday, July 7 to review the role of Federal regulators in the ongoing mortgage servicing settlement negotiations and the development of new mortgage servicing standards. Witnesses will include regulators from the Office of the Comptroller of the Currency, the FDIC, and the Consumer Financial Protection Bureau, and… Read more »
Continuing the Committee’s focus on promoting job creation, improving the economy and reforming the nation’s housing system, Financial Services Committee Chairman Spencer Bachus announced the planned Committee schedule for the remainder of June.
From the start of the 112th Congress, under Chairman Bachus’ leadership, the Committee has focused on promoting policies that… Read more »
Three leaders of the Financial Services Committee are asking HUD Secretary Shaun Donovan for detailed information about delayed housing projects and the agency’s oversight of its HOME program, which provides $2 billion a year to local housing agencies to build and renovate homes across the country.
Committee Chairman Spencer Bachus, Oversight and Investigations Subcommittee Chairman… Read more »
Cassie Wilkinson of Austin, Texas was able to pose a question to a witness during a congressional hearing, even though she’s not a member of Congress.
She asked her question during a House Financial Services subcommittee hearing on Friday thanks to a new feature on the committee’s website called YourWitness.
Unveiled last week, YourWitness invites citizens to submit questions that… Read more »
Financial Services Committee Chairman Spencer Bachus announced the Committee’s planned schedule for the weeks of May 23 and May 30. The schedule shows the Committee will continue focusing on policies that encourage economic growth and job creation.
“Promoting policies that will strengthen our economy and create jobs remains our Committee’s top priority,” said Chairman… Read more »
What is 20 times taller than the Statue of Liberty, 15 times longer than "Moby Dick" and would take the average reader more than a month to read, even if you hunkered down with it for 40 hours a week?
The answer: The growing paper trail formed by the Dodd-Frank law, passed by Congress last year to give U.S. financial regulations their biggest overhaul since the Great Depression.… Read more »
Financial Services Committee Chairman Spencer Bachus made the following statement today during the Oversight and Investigations Subcommittee hearing on the Financial Stability Oversight Council:
“The drafters of the Dodd-Frank Act provided the Financial Stability Oversight Council with new, far-reaching powers over the financial system, and the Council’s use of its new powers… Read more »
The Oversight and Investigations Subcommittee, chaired by Rep. Randy Neugebauer, will meet for a hearing to explore the progress of the Financial Stability Oversight Council (FSOC). The Subcommittee will focus on the coordination among the FSOC Members and the FSOC’s implementation of the Dodd-Frank Act.
The hearing will take place on Thursday, April 14 at 10 a.m. in room… Read more »
Republicans Decry Cost Of Dodd-Frank Overhaul
By Alan Zibel
DOW JONES NEWSWIRES
30 March 2011
WASHINGTON -(Dow Jones)- U.S. House Republicans decried the costs of the Dodd-Frank financial overhaul Wednesday, arguing that it will impede U.S. economic growth by requiring companies to spend billions complying with new regulations.
The financial overhaul bill, passed last… Read more »
The Dodd-Frank Act will result in a bigger and more expensive Federal government.
That’s the point the Financial Services Committee is driving home in a video released on Wednesday. The video, which can be viewed on the Committee’s website and on YouTube, coincides with a hearing of the Oversight and Investigations Subcommittee on the budgetary and economic costs of… Read more »
