The House today voted overwhelmingly to approve bipartisan legislation eliminating a regulatory provision that has become the source of frivolous lawsuits aimed at operators of automated teller machines (ATMs).
A regulation issued under current law requires a sign notifying consumers about transaction fees to be attached to ATMs in addition to a separate notice that appears on the… Read more »
Financial Services Committee Chairman Spencer Bachus made the following comments about the June jobs report that was released on Friday morning:
“This latest lackluster report is further proof that the Administration’s policies have failed. The blizzard of red tape emanating from Washington packs a wallop that is only making the economy worse. Whether it’s the President’s… Read more »
A Financial Services Subcommittee hearing on Tuesday, July 10 will focus on how the Dodd-Frank Act’s rules and red tape make it harder for American companies to raise capital, hedge risks and obtain credit – activities that are necessary for businesses to grow and hire workers.
The hearing before the Capital Markets and Government Sponsored Enterprises Subcommittee will focus… Read more »
With this month marking the second anniversary of passage of the Dodd-Frank Act, the Financial Services Committee is focusing attention throughout July on the burdens this law’s 2,300 pages and more than 400 new rules layer on American companies, financial markets and consumers.
Supporters of Dodd-Frank sold it to the public as “tough Wall Street reform,” but in reality its red tape… Read more »
With this month marking the second anniversary of passage of the Dodd-Frank Act, the Financial Services Committee is focusing attention throughout July on the burdens this law’s 2,300 pages and more than 400 new rules layer on American companies, financial markets and consumers.
Supporters of Dodd-Frank sold it to the public as “tough Wall Street reform,” but in reality its red tape… Read more »
The House on Friday passed bipartisan legislation that includes a five-year extension of the National Flood Insurance Program and reforms that are expected to save taxpayers more than $2 billion over 10 years.
Among the reforms are those that eliminate subsidized flood insurance rates for vacation and second homes, properties with repetitive flood claims and commercial properties.
The… Read more »
As the second anniversary of the signing of the 2,300-page Dodd-Frank Act arrives in July, the Financial Services Committee will hold hearings throughout the month examining the impact the law is having on the economy, jobs, housing and credit.
“When President Obama signed Dodd-Frank into law, he promised it would provide ‘certainty to everyone from bankers to farmers to business… Read more »
Bipartisan legislation that eliminates a redundant fee disclosure requirement on automated teller machines (ATMs) was approved on Wednesday by the House Financial Services Committee.
The current law, which requires a sticker or sign about transaction fees to be attached to the ATM in addition to an on-screen notice, has spawned lawsuits by enterprising plaintiffs and vandals who remove… Read more »
The JOBS Act, passed by Congress and signed by the President earlier this year, reduces government barriers to entrepreneurship, innovation and capital formation. It combines six separate proposals that originated in the Financial Services Committee into one bill. These six proposals were part of the Committee’s plan announced in January 2011 to help small companies gain… Read more »
Financial Services Committee Chairman Spencer Bachus, who has introduced legislation approved by the House to place the Consumer Financial Protection Bureau (CFPB) under the leadership of a five-member, bipartisan commission, released the following statement about a lawsuit filed in federal court today challenging the constitutionality of the Dodd-Frank Act:
“There is no question the… Read more »
