Hensarling and Shelby said campaigns that criticize the open and competitive NPL sales process are “based on a false notion that doing so is somehow contrary to the goal of ‘neighborhood stabilization.’”
Read More »Is the CFPB Really Protecting Consumers?
CFPB Director Richard Cordray faced intense criticism from the committee's Republicans, particularly Chairman Jeb Hensarling (R-Texas), who said that Congress has made the Director a “dictator” and given him power that is “amazing, frightening, and tragic.”
Read More »House Committee Chairman Promises ‘Bold and Better’ Alternative to Dodd-Frank
In his address, Hensarling called Dodd-Frank the “Obama Financial Control Law” and asserted that it “stands as a monument to the arrogance and hubris of man in that its answer to incomprehensible complexity and government control is yet more incomprehensible complexity and more government control.”
Read More »The Week Ahead: CFPB Director Cordray to Face Grilling from Congress
On Wednesday, March 16, Consumer Financial Protection Bureau Director Richard Cordray will testify before the House Financial Services Committee about the effects of the Bureau's activities on consumers.
Read More »House Financial Services Committee Approves Regulatory Relief Bills
At the first legislative markup in 2016, the House Financial Services Committee unveiled 10 bills to help grow the economy through regulatory relief and capital formation the nation’s Main Street businesses.
Read More »Economic Outlook May Not Be All Positive
It's no secret that the Fed is taking a gradual approach to further rate hikes, but it may be even more gradual than originally expected.
Read More »The Week Ahead: Yellen on the Hot Seat Not Once, but Twice
Federal Reserve chair Janet Yellen will have the floors of both the House and Senate to herself this week for the first time in seven months. What can we expect from the hearings?
Read More »The House is Holding Yellen’s Feet to the Fire
A perceived lack of transparency on the part of the Federal Reserve is expected to be a major topic discussed when Chairman Janet Yellen testifies before Congress on February 10.
Read More »New Reports Conclude Dodd-Frank Has Adversely Affected Main Street
The Dallas Fed report concluded that many community financial institutions may be “too small to succeed” in the era of the “regulatory onslaught” brought on by Dodd-Frank.
Read More »GSE Reform Must Go Through the Financial Stability Oversight Council
Eight of the nine members of the Financial Stability Oversight Council testify Tuesday before the House Financial Services Committee. Any realistic movement toward GSE reform leads to the FSOC, so what they say Tuesday will echo through the industry.
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