News List

  • More Calls for a Commission, Not a Director, at the CFPB
    Oct 21, 2011 - The Consumer Financial Protection Bureau would be strengthened – not weakened – if its leadership structure were changed to a bipartisan commission, argues Roland E. Brandel in the American Banker. Calling the vesting of the bureau’s enormous power in a single person a “serious flaw,” the highly acc... More
  • Committee to Receive Annual Report of the Financial Stability Oversight Council
    Oct 4, 2011 - Treasury Secretary Timothy Geithner will testify before the Financial Services Committee on Thursday about efforts to implement regulatory reforms and identify emerging threats to the nation’s financial stability. Secretary Geithner will deliver to the Committee the annual report of the Financial St... More
  • The Dodd-Frank Act: Ill Conceived, Destined to Fail
    Sep 23, 2011 - Today’s American Banker includes a dead-on piece about how the Dodd-Frank Act, with its 2,300 pages and more than 400 regulations, is “regulatory overkill” with unintended consequences that hurt consumers and the economy. “It's a fool's mission for our government to try to micro-manage our financial... More
  • Financial Services Committee Faces Busy Agenda in September
    Aug 26, 2011 - 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... More
  • Coverage of Field Hearing on Impact of Bank Examinations
    Aug 16, 2011 - Associated Press: Congressional panel investigates Ga. bank failures Published: Tuesday, August 16, 2011 Georgia holds the dubious distinction as the epicenter of bank failures in the aftermath of the Great Recession. But lawmakers who gathered at a congressional hearing Tuesday to investigate the c... More
  • Subcommittee Traveling to Georgia to Review Impact of Bank Examination Practices
    Aug 9, 2011 - 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 stand... More
  • House Unanimously Approves Bill To Review Economic Impact Of FDIC Practices
    Jul 29, 2011 - 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 Inspec... More
  • Capito Announces Subcommittee Hearing On Rent-to-Own Industry
    Jul 25, 2011 - 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 ... More
  • ICYMI: WSJ: Elizabeth Warren Forgets
    Jul 21, 2011 - 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 agenc... More
  • Duffy in Wash Times: Dodd-Frank: One year later
    Jul 21, 2011 - 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.... More