Tag Archives: House Financial Services Committee

U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro is scheduled to testify before the House Financial Services Committee on Wednesday, February 11, starting at 10 a.m. Eastern time.

Federal Housing Finance Director (FHFA) Director Mel Watt, testifying before the House Financial Services Committee, which he once sat on as a Democratic U.S. Representative for North Carolina, insisted that mortgage loans with a 3 percent down payment backed by GSEs are no more riskier than those with a loan-to-value (LTV) ratio of lower than 80 percent.

Federal Housing Finance Agency (FHFA) Director Mel Watt is scheduled to testify before the House Financial Services Committee on Tuesday in a hearing entitled "Sustainable Housing Finance: An Update from the Director of the Federal Housing Finance Agency." In his testimony, Watt is expected to defend last month's decision to lift the suspension of the allocation of Fannie Mae and Freddie Mac funds into the Housing Trust Fund and the Capital Magnet Fund. The suspension was enacted in November 2008, two months after the government seized control of Fannie Mae and Freddie Mac.

Congressman Jeb Hensarling (R-Texas) was elected to a second term as chairman of the House Financial Services Committee on Wednesday for the 114th Congress.

Three Democratic U.S. Representatives have signed a letter urging the federal government to investigate whether the Federal Reserve Bank of New York (FRNBY) and its monitoring of big banks.

Congresswoman Maxine Waters (D-California), a ranking member of the Financial Services Committee, unveiled a proposal today that would make sweeping changes to the way consumer credit is scored.

Following allegations of racial and gender discrimination at the Consumer Financial Protection Bureau, the bureau’s director, Richard Cordray spoke before the House Financial Services Committee Wednesday.

Congress Wednesday fired its latest rounds in its ever-escalating battle with the Federal Reserve, as a Republican-controlled House committee passed a reform bill aimed at making the Fed more accountable and transparent. The Fed’s has already warned of serious trouble if the nation’s top financial institution were held to formal policy regarding its ability to set interest rates.

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.

The Chair of the Federal Reserve Board Janet Yellen deliver her semi-annual Monetary Policy Report and completed her second day of testimony Wednesday, this time testifying before the House Committee on Financial Services.