Republicans on the Financial Services Committee, concerned that the increasing regulatory burden is hurting job creation, are questioning Treasury Secretary Timothy Geithner on whether the Administration is living up to a promise it would “streamline and simplify” regulations when implementing the Dodd-Frank Act.
During a news conference in the Capitol on Thursday, Committee Chairman… Read more »
The Financial Services Committee’s ongoing efforts to build a stronger housing finance system free of taxpayer guarantees will bring several of its members to New York City next week for a subcommittee field hearing.
The Capital Markets and Government Sponsored Enterprises Subcommittee, which is spearheading the committee’s efforts to end the bailout of Fannie Mae and Freddie Mac, will… Read more »
The Financial Services Oversight and Investigations Subcommittee will meet in New York City on September 6 to evaluate the federal government’s efforts to track down and stop the financing of terrorists.
As part of the government’s response to the September 11, 2001 terror attacks, Congress created the Office of Terrorism and Financial Intelligence within the Treasury Department. … Read more »
By David Hirschmann
Earlier this month, former S.E.C Chairman Arthur Levitt published an Op-Ed piece in The New York Times, entitled “Don’t Gut the S.E.C.” Mr. Levitt sees only two approaches to regulatory reform when it comes to his former agency: on the one hand, retaining the status quo, or, on the other hand, in his words, “gutting” or “eviscerating” the agency.
We are… Read more »
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 »
