CFPB Lacks Oversight and Accountability
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The Oversight and Investigations Subcommittee highlighted the Consumer Financial Protection Bureau’s (CFPB) radical structure at a hearing today, and members continued to express concern that the agency operates without basic oversight and accountability. Weekly Rundown
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Two subcommittee hearings and a full committee markup make for a slightly lighter week than last. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week. Here’s what’s happening: On Tuesday -- as Rep. Capito previewed in our Sunday Video Message -- the Financial Institutions & Consumer Credit… Sunday Video Message | Rep. Shelley Moore Capito
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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. Weekend Must Reads
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Fortune: The Fed's other trillion dollar problem The amount of money banks have at the Fed recently reached 13 digits, for the first time ever. Bloomberg: New Home Prices Say What’s Different This Time Although no two business cycles are alike, most share some common characteristics. The interest-rate-sensitive sectors of the economy -- housing and manufacturing -- tend to… Chairman Hensarling Announces Remainder of Committee’s June Schedule
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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. The Bigger Picture: Housing Subsidies and National Economies
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A survey of housing finance in other countries sheds light on the distortion that government subsidies for housing can cause in national economies. Professors at New York University’s Stern School of Business have pointed out that one thing that Spain and the United States have in common is a “massive misallocation of their economy’s resources to construction. The oversupply is… Chairman Hensarling: Time to EXIT the EXIM
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's Monetary Policy & Trade Subcommittee Hearing assessing reforms at the Export-Import Bank Media Buzz: That Time American Exceptionalism Isn’t So Exceptional
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Contrary to the Fannie & Freddie defenders’ assertions that America’s unique GSE-model of housing finance is the “envy of the world,” yesterday’s full committee hearing found that the U.S. ranks only 17th in the world in terms of the rate of homeownership. Our 65% homeownership rate puts us behind Australia, Ireland, Spain, and the United Kingdom, all of which provide far less… Chairman Hensarling on Successful Housing Finance Systems without Government Guarentees
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Beyond GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” Regulatory Barriers Continue to Hinder Capital Formation
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The bipartisan Jumpstart Our Business Startups (JOBS) Act – passed by Congress a year ago – is working to help startup companies grow and hire, but regulatory barriers to capital remain that hinder a stronger economy, members of the Capital Markets and Government Sponsored Enterprises Subcommittee learned at a hearing today. Browse Documents by Date or Issue |
