News List

The House of Representatives today passed two bipartisan job creation and regulatory relief bills from the Financial Services Committee. H.R. 5461, the Insurance Capital Standards Clarification Act of 2014, introduced by Rep. Andy Barr (R-KY), would amend the Dodd-Frank Act to give the Federal Reserve flexibility to set capital standards for insurance companies.  Also included in… Read more »

Subcommittee Reviews the Credit Reporting System On Wednesday the Financial Institutions and Consumer Credit Subcommittee held a hearing to review the roles and responsibilities of consumer reporting agencies. "According to the FTC, nearly 20% of Americans have errors on their credit report. Furthermore, 5% of Americans have errors that could expose them to higher interest rates or… Read more »

On Wednesday at 2:00 p.m. the Financial Institutions and Consumer Credit Subcommittee will hold a hearing to review the roles and responsibilities of consumer reporting agencies. Read more »

Dozens of CFPB workers say “the bureau’s lack of accountability is enabling managers to create their own minifiefdoms, stock the ranks with inexperienced and unqualified friends and retaliate against anybody who disagrees”   Bureaucrats gone wild: Feds describe racial hostility, discrimination inside new… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding President Obama’s comments about the Export-Import Bank: “President Obama was right in 2008 when he called the Export-Import Bank ‘little more than a fund for corporate welfare’ and wrong today when he cheerleads for its renewal. “We need to level the playing field so American… Read more »

  CLICK HERE TO READ  August 21, 2014 Editorial Should the government help pay for Americans to rebuild after big terrorist attacks? If so, how much? Congress is in the process of answering these questions. Since 2002, the federal government has provided a financial backstop for private terrorism insurance policies, promising public money to offset losses after large,… Read more »

Officials with the Export-Import Bank have embarked on a 10-state promotional tour this month. And according to The Hill, “Officials with the Export-Import Bank have exceeded their travel budget over the last three years by $3 million.” (“Ex-Im Busts Travel Budget by $3M” the headline reads).  “Much of the recent travel appears designed to build public support for the bank,” The… Read more »

e•gre•gious -- outstandingly bad; shocking. “While You’re Away on Vacation…” Before President Obama leaves tomorrow for his Martha’s Vineyard vacation, we have a suggested day-trip he could make when he gets bored after his umpteenth round of golf and the inevitable campaign fundraiser: he could visit the millions of taxpayer dollars “invested” by the Export-Import… Read more »

Committee Passes Federal Reserve Accountability and Bipartisan Regulatory Relief Bills On Wednesday the Full Committee passed 6 bills to provide transparency and accountability at the Federal Reserve, regulatory relief for the economy, and re-authorize the Native American Housing Assistance and Self-Determination Act. The Federal Reserve Accountability and Transparency Act (H.R. 5018)… Read more »

e·gre·gious -- outstandingly bad; shocking.   “A Wealth of Political Connections” Connects Troubled Foreign Company to U.S. Taxpayers   What do U.S. taxpayers, former Vice President Al Gore and former Gov. Bill Richardson have in common? Not… Read more »