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Tag Archives: Financial Services Committee

Maxine Waters: “This Hearing Was Long Overdue”

In a hearing on holding credit bureaus more accountable the House Financial Services Committee sought answers from Equifax, TransUnion, and Experian on credit reporting. Here’s what the committee and witnesses had to say about making the process stronger and more secure.

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The Week Ahead: FSC to Hold Financial CHOICE Hearing

In the wake of President Trump’s executive order targeting Dodd-Frank and Consumer Protection, the Financial Services Committee (FSC) will hold a hearing to discuss the Financial CHOICE act. Committee Chairman Jeb Hensarling first unveiled the rules and principles guiding Financial CHOICE last June, and the act was approved by the FSC in September. At the center of the act is a plan eliminate bailouts and hold Wall Street accountable. Additionally, the act calls for banks to be better capitalized, and to reduce the strain of regulation on smaller banks.

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