News List

The Washington Post reports today on another failure of one of the Obama Administration’s foreclosure mitigation programs. In an article headlined “HUD program to help struggling homeowners falling short,” the Post notes this is “the latest in a series of efforts that has left funds allocated by Congress unspent and has failed to help as many” borrowers as promised. The Emergency… Read more »

By Claude R. Marx  WASHINGTON — House Financial Services Committee Chairman Spencer Bachus said Tuesday an overabundance of regulation is hampering the nation’s economic recovery.   “Regulation is killing America,’’ the Alabama Republican told NAFCU’s Congressional Caucus at the Mayflower Hotel. He said the government issues a new regulation once every two hours and 20… Read more »

By NAFCU September 21, 2011 Regulatory overreach was a recurring theme during NAFCU’s Congressional Caucus Tuesday, with House Financial Services Committee Chairman Spencer Bachus, R-Ala., urging attendees to tell lawmakers how credit unions are being impacted. To illustrate the excessive number of regulations under the Dodd-Frank law,… Read more »

Financial Services Committee Chairman Spencer Bachus today issued the following statement about the Capital Markets and Government Sponsored Enterprises Subcommittee’s hearing on small business capital formation and job creation: "Today’s hearing continues the Committee’s ongoing efforts to promote policies that restore growth to our economy, support capital formation, and create… Read more »

NOTE: Today, the Capital Markets and Government Sponsored Enterprises Committee held a legislative hearing on H.R. 2940, and four additional proposals, aimed at promoting small business capital formation by removing government roadblocks. By Rep. Kevin McCarthy Special to Roll Call Sept. 21, 2011, Midnight Twenty-six years ago, I started a small business: a deli I creatively named… Read more »

A proposal to punish the hard-money regional bank presidents. Among Washington's modern ironies is that liberals think a Federal Reserve that is increasingly a creature of the White House and Congress has too much independence. So along comes Barney Frank with a plan to make the central bank even more political than it already is, in particular by cutting out its regional presidents and… Read more »

Tomorrow, the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing on five proposals designed to help small businesses access the capital markets for the financing they need to grow their companies and hire more workers. This hearing continues the Full Committee’s ongoing efforts to promote small business capital formation and job creation. One of the… Read more »

Financial Services Committee Chairman Spencer Bachus made the following comment on Tuesday about the Justice Department accusing Full Tilt Poker, an Internet gambling company, of being an illegal Ponzi scheme: “For years I have said these off-shore Internet gambling sites are criminal enterprises.  If these operations are willing to break one law, it should surprise no one that they… Read more »

Leading Congressional investigators on the House Oversight and Government Reform and House Financial Services Committees today released the following statements on the decision of the Securities and Exchange Commission (SEC) Inspector General to refer the matter of the ethics failure and conflict of interest involving former General Counsel David Becker to the Department of… Read more »

Two congressional subcommittees will hold a joint hearing on Thursday to examine how the Securities and Exchange Commission (SEC) handled potential conflicts of interest involving David Becker, a former SEC general counsel who financially benefited from the Madoff Ponzi scheme. The joint hearing will be held by the Financial Services Committee’s Oversight and Investigations… Read more »