News List

Financial Services Committee Chairman Spencer Bachus and Ranking Member Barney Frank today jointly announced that the Committee will hold a hearing next year to examine the practice by the Securities and Exchange Commission of settling cases with defendants that neither admit nor deny complaints made by the SEC. The SEC has proposed to settle a string of recent cases by levying fines… Read more »

The Financial Services Oversight and Investigations Subcommittee will examine the decisions and events leading up to the collapse of MF Global during a hearing on Thursday. At the hearing, the Subcommittee will hear from Jon Corzine, the former chief executive officer of MF Global, as well as regulators of the firm and the bankruptcy trustee. The Subcommittee hearing will also focus on… Read more »

By Paul Sperry, for Investor’s Business Daily http://news.investors.com/ArticlePrint.aspx?id=593669 Job-killing bank regulations threaten to wipe out all the gains in private-sector employment since the recovery began, the industry warns. Washington, however, is hiring thousands more bureaucrats to enforce the rules. … Read more »

A Congressional subcommittee will hear testimony on Thursday from a panel of current and former homeless children as it examines government barriers that prevent many homeless youth from receiving housing assistance. The Financial Services Subcommittee on Insurance, Housing and Community Opportunity is examining how conflicting definitions of “homeless person” in the McKinney-Vento… Read more »

The Financial Services Committee announced its schedule for the week of December 12. Wednesday, December 14: The Capital Markets and Government Sponsored Enterprises Subcommittee will meet to mark up the Private Mortgage Market Investment Act and a bill to improve the whistleblower provisions of the Dodd-Frank Act. The markup will begin at 10 a.m. in room 210 of the Capitol Visitor… Read more »

The Insurance, Housing, and Community Opportunity Subcommittee, chaired by Rep. Judy Biggert, approved three bills on Thursday regarding data collection regulations on insurance companies, home warranties and homeless veterans. The bills approved by the Subcommittee are: H.R. 3559, Insurance Data Protection Act, sponsored by Rep. Steve Stivers This bill addresses concerns raised… Read more »

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… Read more »

The Financial Services Subcommittee on Oversight and Investigations, chaired by Rep. Randy Neugebauer, has voted unanimously to subpoena Jon Corzine, the former executive of MF Global. Corzine is being directed to testify before the Subcommittee on Thursday, December 15 at 1 p.m. when the Subcommittee will hold a hearing to examine the causes and consequences of MF Global’s… Read more »

The Committee on Financial Services announced today that the markup of H.R. 1148, the STOCK Act, previously scheduled for December 14 will be postponed. A significant number of members of the Committee on both sides of the aisle have indicated a desire for additional time to study this issue before the Committee moves forward with the markup that was announced for December 14.  In… Read more »

The Committee on Financial Services held a field hearing on “Regulatory Reform: Examining How New Regulations are Impacting Financial Institutions, Small Businesses and Consumers in Illinois” earlier today.   At this hearing, representatives from community financial institutions and small businesses explained how new financial regulations are affecting the ability of financial… Read more »