Google+
  • Ocwen35.805-0.545 -1.50%
  • Zillow126.59+0.12 +0.09%
  • Trulia40.30-0.28 -0.69%
  • NationStar33.00-0.33 -0.99%
  • CoreLogic28.86-1.23 -4.09%
  • RE/MAX28.70-0.43 -1.48%
  • Fannie Mae4.24-0.02 -0.47%
  • Freddie Mac4.18-0.02 -0.48%
  • Wells Fargo51.55+0.22 +0.43%
  • CitiMortgage50.1401-0.0399 -0.08%
  • Bank of America15.60+0.08 +0.52%
  • Auction.com0.00N/A N/A
  • Fidelity National Financial27.645-0.315 -1.13%
  • Black Knight Financial0.00N/A N/A
  • AUDUSD=X0.9415N/A N/A
  • USDJPY=X101.835N/A N/A
  • WP Stock Ticker
To show sotck chart
Home | Tag Archives: House Financial Services Committee

Tag Archives: House Financial Services Committee

Frank Testifies Before House Financial Services Committee

Frank Testifies Before House Financial Services Committee

Former Congressman Barney Frank testified before the House of Representatives Committee on Financial Services on Wednesday, arguing that the Dodd-Frank Wall Street Reform and Consumer Protection Act and the voluminous set of regulations that followed shortly thereafter was a positive for the economy and safeguarded the American public from ever having to face an economic down turn the likes of the great recession ever again.

Read More »

CFPB Director Fields Questions from House Committee

CFPB Director Fields Questions from House Committee

A week after appearing before the Senate Banking Committee, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray traveled back up the hill again to review the bureau's semi-annual report and take questions from the House Financial Services Committee. At the hearing, committee members asked Cordray to address a number of issues surrounding the embattled agency, including accountability concerns and allegations of discrimination.

Read More »

Yellen Faces Grilling in First Hearing as Fed Chair

Yellen Faces Grilling in First Hearing as Fed Chair

In prepared remarks for the House Financial Services Committee, newly installed Fed chair Janet Yellen echoed much of what analysts have seen in recent Federal Open Market Committee (FOMC) statements, with references to a recovering (but still weakened) labor market, a slowing housing market, restrictive fiscal policy, and the usual prediction of a “moderate” expansion in the nation’s economic activity.

Read More »

Former CFPB Staff Return to Industry, Raise Questions of Integrity

Former CFPB Staff Return to Industry, Raise Questions of Integrity

Since helping draft the final rule for a qualified mortgage, former Consumer Financial Protection Bureau (CFPB) Deputy Director Raj Date has resigned from the agency and opened his own advisory and investment firm aimed specifically at ""those borrowers who do not meet the standards for 'qualified mortgages' as set by the CFPB under rules."" Other senior employees at CFPB have also left to join Date, including Gary Reeder, Chris Haspel, and Mitch Hochburg. This turn of events has raised questions as to the agency's ethics and integrity.

Read More »

Report: GSE Reform Won’t Take Shape for Another Few Years

Report: GSE Reform Won’t Take Shape for Another Few Years

Although policymakers have been busy introducing legislation to diminish the role of the GSEs, analysts at Moody's Investors Service ""believe GSE reform will not take place for at least a few more years."" In June, Senators Bob Corker (R-Tennessee) and Mark Warner (D-Virginia) led efforts to introduce legislation to wind down Fannie Mae and Freddie Mac in five years. Then came PATH from the House of Representatives Financial Services Committee in July.

Read More »

House Republicans Propose Act to Save Housing Finance

House Republicans Propose Act to Save Housing Finance

With criticism for the Obama administration and the shortcomings of the Dodd Frank Act, the House of Representatives Financial Services Committee announced Thursday a new plan to fix housing finance and end the bailout for good. The Protecting American Taxpayers and Homeowners Act (PATH) aims to end the federal bailout of Fannie Mae and Freddie Mac within five years; increase competition in the housing finance market; and offer consumers more choices when shopping for mortgages.

Read More »

Texas Republican Elected Chair of House Financial Services Committee

Texas Republican Elected Chair of House Financial Services Committee

Rep. Jeb Hensarling (R-Texas) has been elected chairman of the House Financial Services Committee. Hensarling replaces Rep. Spencer Bachus (R-Alabama) who headed the committee for the past six years. Hensarling is a conservative supporter of a limited government and a free market economy. He has fought to cut government spending and reduce debt.

Read More »

House Committee Approves Bill to Repeal Dodd-Frank Bailout Fund

The House Financial Services Committee signed off on legislation Wednesday that would repeal bailout funds under the Dodd-Frank Act and more than half the Consumer Financial Protection Bureau's (CFPB) budget. Clearing the legislation by a party-line vote, committee members billed it as a way to slash $35 billion from the national deficit.

Read More »
Scroll To Top