WASHINGTON - The Financial Services Committee is facing a busy first half of September with 11 hearings over the course of seven days on topics ranging from terrorist financing to reform of the Securities and Exchange Commission.
On Friday, Chairman Spencer Bachus announced the committee’s tentative hearing schedule for the first half of September. Witnesses for the hearings will… Read more »
The Financial Institutions and Consumer Credit Subcommittee met outside the Washington, D.C. beltway on Tuesday to ask community bankers and regulators if overly stringent federal bank examination standards are impeding an economic recovery.
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The Financial Institutions and Consumer Credit Subcommittee will meet in Newnan, Georgia next week to ask community bankers and regulators if overly stringent federal bank examination standards are impeding an economic recovery.
Complaints from small business owners and bankers that regulatory standards are being applied in ways that inhibit bank lending have become so common the… Read more »
Financial Services Committee Chairman Spencer Bachus is drafting legislation to restructure the Securities and Exchange Commission and implement reforms recommended by the SEC’s Inspector General, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act.
Chairman Bachus emphasized that the reform proposal should not be interpreted as criticism of SEC… Read more »
The U.S. House of Representatives has approved legislation to thoroughly review the causes of recent bank failures as well as the impact of the FDIC’s practices and procedures on community banks.
H.R. 2056, introduced by Financial Services Committee Member Rep. Lynn Westmoreland, requires the Inspector General of the FDIC to study issues raised by recent bank failures and report back… Read more »
By Gerri Willis
Published July 27, 2011
| FOXBusiness
Meet your new bosses. Financial bosses that is.
There's Deven Sharma, the president of Standard & Poor's, and Michael Rowan, a global managing director of Moody's Investors Service.
Both testified today in front of the House Committee on Financial Services. Two men, two companies, all with the power to make your financial… Read more »
Financial Services Committee Chairman Spencer Bachus today announced the committee’s hearing schedule for the first week of August.
All hearings will begin at 10 a.m. and will take place in Room 2128 Rayburn.
Wednesday, August 3: The Insurance, Housing and Community Opportunity Subcommittee will hold a hearing on the single- and multi-family programs of the Federal Housing… Read more »
As the nation’s major credit rating companies threaten to downgrade the credit rating of the United States over the swelling size of the national debt, the Oversight and Investigations Subcommittee will meet on Wednesday to examine the credit rating industry and the impact of Dodd-Frank Act changes to the regulation of credit rating agencies.
The Dodd-Frank Act contains an important… Read more »
The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will meet on Tuesday, July 26 for a hearing on legislation to improve oversight and transparency of the rent-to-own industry.
During the hearing, the Subcommittee will focus on H.R. 1588, the Consumer Rental Purchase Agreement Act, introduced by Rep. Francisco Canseco. The legislation… Read more »
The Subcommittee on International Monetary Policy and Trade will consider the impact of the World Bank and multilateral development banks (MDBs) on U.S. job creation at a hearing on Wednesday, July 27, 2011 at 2:00 p.m.
The hearing will focus on how MDB lending and assistance to middle-income and poor countries around the world contributes to the U.S. employment base. The… Read more »
