Hearing Shows CFPB's QM Rule Limits Access to Credit
| Posted in Press Releases
Members of the Financial Institutions and Consumer Credit Subcommittee expressed concerns at a hearing today that the Qualified Mortgage rule mandated by the Dodd-Frank Act will reduce access to credit that qualified borrowers need to buy homes. Dodd-Frank’s ‘Conflict Minerals’ Provision Has Failed to Reduce Violence, Made Matters Worse for Congo
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A provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people it was supposed to help in the war-torn central African nation of the Congo, according to expert witnesses who testified today before the Monetary Policy and Trade Subcommittee. Weekly Rundown
| Posted in Member Corner
Five hearings -- including Treasury Secretary Lew’s first testimony before a House committee since the IRS scandal -- make for another busy week at the House Financial Services Committee. 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 the Financial Institutions… Weekend Must Reads
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Wall Street Journal: How to Let Too-Big-To-Fail Banks Fail Dodd-Frank does not end the threat of taxpayer bailouts. A reform to the bankruptcy code will do the trick. The Hill: Implementing the vision of financial reform There are three distinct phases of leadership when attempting to implement change: vision, structure and implementation. This same process can be applied… H.R. 1062 Requires SEC to Perform Cost-Benefit Analysis
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Capital Markets & GSE Subcommittee Chairman Scott Garrett stopped by to tell us about H.R. 1062, the SEC Regulatory Accountability Act. H.R. 1062 is common-sense legislation that essentially codifies President Obama's Executive Order No. 13563 with regard to the Securities and Exchange Commission. Chairman Hensarling Floor Remarks on H.R. 1062, the SEC Regulatory Accountability Act
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House Financial Services Committee Chairman Jeb Hensalring (R-TX) delivered the following statement on the House floor today in support of H.R. 1062, the SEC Accountability Act. Hensarling: IRS Scandal Raises Concerns About “Tactics of Harassment” within the Administration
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At an oversight hearing on the Securities and Exchange Commission (SEC) today, Financial Services Committee Chairman Jeb Hensarling (R-TX) said the IRS scandal causes Americans to wonder “just how pervasive the IRS’s tactics of harassment” are within the administration and whether a proposal before the SEC raises similar concerns that political opponents of the administration could be targeted. Media Buzz: SEC Flirts With Politically-Motivated Disclosure Rule
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At today's oversight hearing with SEC Chairman Mary Jo White, Chairman Hensarling said the IRS scandal causes Americans to wonder “just how pervasive the IRS’s tactics of harassment” are within the administration and whether a proposal before the SEC raises similar concerns that political opponents of the administration could be targeted. Hearing Explores Government Role in Multifamily and Health Care Facilities Mortgage Insurance and Reverse Mortgages
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The Financial Services Housing and Insurance Subcommittee continued its examination of the troubled Federal Housing Administration (FHA) today with a hearing that focused on several of the agency’s programs that operate outside its mission. Oversight and Investigations Subcommittee Continues Review of ‘Too Big to Fail’
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The Oversight and Investigations Subcommittee continued its review of the Dodd-Frank Act’s failure to end “Too Big to Fail” with a hearing on Wednesday that focused on the Act’s bailout regime. Browse Documents by Date or Issue |
