Tag Archives: House Financial Services Committee

HUD created the Distressed Asset Stabilization Program (DASP) in 2010 as a way to protect the interests of taxpayers. Were recent proposed changes to DASP in direct opposition to that objective?

The introduction of the CHOICE Act—the Republicans’ proposed alternative to Dodd-Frank—last month by Rep. Jeb Hensarling (R-Texas) has sparked even more fierce debate between the parties in his Committee.

Hensarling is asking for the HUD Secretary to appear before the House Financial Services Committee to answer questions about the effect of recent changes to HUD’s delinquent loan sales program on taxpayers.

Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, unveiled the Financial CHOICE Act, a plan he believes will end taxpayer-funded bailouts and provide pro-growth regulatory relief.

Subcommittee Chairman Randy Neugebauer tweeted, "My friends on the other side of the aisle asked a trial lawyer to come speak in favor of the CFPB's Arbitration Rule. I rest my case."

The CFPB's controversial rule proposal to ban arbitration clauses in business contracts has generated quite a buzz. This week, a House subcommittee will hold a hearing on whether the proposed rule is in the public interest and whether it will really protect consumers.

In a hearing in the House Financial Services Subcommittee on Housing and Insurance, the subcommittee will assess affordable and rental housing programs 50 years after the creating of HUD.

The House Financial Services Committee unanimously passed a bill this week that lifts certain restrictions placed on insurance companies by the federal government and gives states more flexibility to license and regulate private flood insurance.

It has been a tough week for both the CFPB and for the Dodd-Frank Act, continuing with the passing of two bills in the House Financial Services Committee on Wednesday.

Subcommittee Chairman Blaine Luetkemeyer (R-Missouri) has been an outspoken critic of government regulation when it comes to the housing and the financial industry.