On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some ...
Read More »Ginnie Mae Pres on Growth: ‘Our Systems Are Volume Agnostic’
Wednesday morning, the House Financial Services Committee held a hearing entitled “Sustainable Housing Finance: The Role of Ginnie Mae in the Housing Finance System.” Michael R. Bright, Acting ...
Read More »Battle Breaks Out in CHOICE Hearing No. 2
The House Financial Services Committee held a second hearing on the Financial CHOICE Act on Tuesday. Intended to be a replacement for Dodd-Frank, the CHOICE Act aims to increase regulator accountability, discourage financial fraud and insider trading, and ensure taxpayers aren't on the hook for big bank bailouts. The Act was introduced by Rep. Jeb Hensarling (R-Texas).
Read More »Reps. Luetkemeyer, Duffy Among New Subcommittee Heads
Reps. Blaine Luetkemeyer from Missouri and Sean Duffy from Wisconsin will be assuming new positions as heads of Subcommittees in the House Financial Services Committee for the 115th Congress.
Read More »The Week Ahead: A New Start With a Familiar Face
Two subcommittees in the House Financial Services Committee will hold hearings this week following the announcement that Jeb Hensarling (R-Texas) has been elected for a third term as Chairman of that committee.
Read More »House to Stumpf: Investigation is Only Beginning
Wells Fargo Chairman and CEO John Stumpf was questioned by the House Financial Services Committee on Thursday over his bank's retail sales practices, which cost the bank $185 million in penalties from regulators.
Read More »A House Divided: Differing Views on the Fed’s Oversight
On Wednesday, a House Committee bitterly divided over post-crisis financial regulation examined the effectiveness of the Fed's oversight of the country’s financial system.
Read More »Financial Stability Oversight Council Presents Annual Report
The Committee on Financial Services held a hearing to receive the “Annual Report of the Financial Stability Oversight Council” and the Secretary of the Treasury’s testimony.
Read More »CHOICE Act Sharply Divides Parties in Congress
As the country is sharply divided on two of the most polarizing presidential candidates in history, perhaps it is not a surprise that the two major political parties are equally divided on a proposal to roll back Dodd-Frank.
Read More »Will the Financial CHOICE Act Make it to the House Floor?
The parties in the House Financial Services Committee have been fiercely debating the merits of the GOP's alternative to Dodd-Frank since it was introduced three months ago.
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