Three bills that will bring transparency, oversight and accountability to the Consumer Financial Protection Bureau (CFPB) were approved by the House Financial Services Committee today.
Financial Services Committee Chairman Spencer Bachus said, “Everyone on this Committee supports robust consumer protection. But there must be real oversight and accountability of every… 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 »
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: Financial Services Committee Chairman Spencer Bachus welcomed Rep. Stephen Fincher (TN) to the Committee today. During the Full Committee mark up, Chairman Bachus offered a resolution appointing Rep. Fincher to the Financial Institutions and Consumer Credit Subcommittee, and the Oversight and Investigations Subcommittee. Rep. Fincher is filling the vacancy left by… 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 »
Claim: During a May 10 appearance on MSNBC, Ranking Member Barney Frank said, “We will be voting this week in the Committee on Financial Services on a Republican bill, believe it or not, which would make it impossible to deal with speculation in the oil industry.”
FACT: Don’t believe it because this allegation is simply untrue. The Commodity Futures Trading Commission… 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 »
Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will hold a hearing entitled “Monetary Policy and the Debt Ceiling: Examining the Relationship Between the Federal Reserve and Government Debt.”
The hearing will explore the fundamental role that U.S. government debt plays in the monetary system; the use of Treasury debt… Read more »
