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 »
The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will question Federal Reserve Bank of Kansas City President Dr. Thomas Hoenig about the Federal Reserve’s role in the economy and the likelihood of QE3 during a hearing on July 26.
Dr. Hoenig is the longest-serving of the 12 presidents of the regional Federal Reserve Banks.
The hearing will examine… Read more »
The kind of agency the Harvard professor was for before she was against it.
In the hyperbole department, does anyone do it better than Elizabeth Warren? Yesterday she told reporters that today's House vote on a Consumer Financial Protection Bureau reform bill is an effort to "try and kill this agency." Little did we know that accountability and murder were synonymous in the Harvard law… Read more »
Promises are unfulfilled while the costs are real
By Rep. Sean Duffy
It was one year ago today that President Obama signed the so-called "Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010." Like other signature pieces of legislation of this administration, the name can be misleading. Like the so-called "stimulus" that stimulated nothing but more government debt, this… Read more »
By. Representative Jeb Hensarling (R-Texas)
Some anniversaries are better left uncelebrated and the one-year anniversary of the enactment of the 2010 Dodd-Frank Act is certainly one of them. Of all the federal government’s confidence killers over the past several years—from the failed “stimulus” package to the government takeover of health care—the Dodd-Frank Act ranks right with them as… Read more »
