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Tag Archives: U.S. House of Representatives

GOP Just Keeps Pushing Financial Reform

Republicans have been trying to chip away at Dodd-Frank almost since the law was enacted nearly six years ago. But lately they have made a more intense push, and they won a victory in the House of Representatives recently.

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House Subcommittee Chair Pushes for Main Street Regulatory Relief

U.S. Representative Randy Neugebauer (R-Texas) on Wednesday urged his colleagues in the House to adopt legislation to ease the regulatory burdens on non-depository financial institutions in his opening statement of a House subcommittee hearing. In the Financial Services Subcommittee on Financial ...

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Legislation to Extend Tax Relief to Distressed Homeowners Currently in House, Senate Committees

Congressman Tom Reed (R-New York) introduced the Mortgage Forgiveness Tax Relief Act of 2015 (H.R. 1002) on February 13, and that bill is now being heard in the House Committee on Ways and Means. Two weeks later, Senators Debbie Stabenow (D-Michigan) and Dean Heller (R-Nevada) introduced a similar bill (S. 608), which is currently in the Senate Banking Committee. Both bills would extend relief to homeowners on forgiven mortgage debt – the remaining mortgage balance when a borrower sells a home in a short sale to avoid foreclosure

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Neugebauer Introduces CFPB Reform Bill

U.S. Representative Randy Neugebauer (R-Texas) introduced a bill this week intended to replace the director of the Consumer Financial Protection Bureau (CFPB) with a five-member commission. He announced his plan to support legislation in his testimony at House Financial Services Committee (HFSC) hearing held on Tuesday, March 3.

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House Votes to Delay Key Provision of Dodd-Frank Act

With the Republican majority now in place, the U.S. House of Representatives voted on Wednesday to pass a bill that eased some portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, according to multiple media reports.

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