CNBC | Republicans looking to turn up heat on Fed in 2015
Wall Street Journal | U.S. to Probe Abuse-of-Power Claims in Financial Fraud Crackdown
Washington Examiner | GAO says CFPB's spending accounting flaws are serious, require prompt fixes
American Banker | GAO Report Finds Flaws in FSOC Designation Process
American Banker | Streamlined Regulation Should Be the Next Frontier of Financial Reform
Washington Business Journal | Dodd: 'I didn't write the Ten Commandments with this bill' (Video)
American Banker | FHA Fund Improves, But Lower Premiums Still Unlikely
“I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman Hensarling. “Our committee will continue to focus on promoting sensible solutions that help create jobs and hold both Washington and Wall Street accountable to the American people."
The subcommittee chairmen for the 114th Congress:
Rep. Scott Garrett (R-NJ) will serve as Chairman of the Capital Markets and Government-Sponsored Enterprises Subcommittee.
Rep. Randy Neugebauer (R-TX) will serve as Chairman of the Financial Institutions and Consumer Credit Subcommittee.
Rep. Blaine Luetkemeyer (R-MO) will serve as Chairman of the Housing and Insurance Subcommittee.
Rep. Bill Huizenga (R-MI) will serve as Chairman of the Monetary Policy and Trade Subcommittee.
Rep. Sean Duffy (R-WI) will serve as Chairman of the Oversight and Investigations Subcommittee.
The remainder of the committee leadership team will be announced at a later date.Read More
“I am humbled by the support and trust of my colleagues as I continue my service as Chairman of the Financial Services Committee. House Republicans know the only real way to grow the economy is from Main Street up, not Washington down. Our committee will continue to focus on promoting sensible solutions to hold both Washington and Wall Street accountable to the American people."Read More
“Year in and year out the SEC has failed to act on many, if not most, of the recommendations provided by the Forum. In fact, a number of reforms contained in the bipartisan JOBS Act and other bipartisan bills passed by the Financial Services Committee are based on Forum recommendations that the SEC ignored. It’s not enough for the SEC to simply talk about promoting small business; it needs to take action – like Congress and our committee has done – on innovative ideas that will help small businesses and create jobs.”
“A year ago the FHA received its first-ever taxpayer-funded bailout and 12 months later the FHA has once again failed to meet its legally required minimum capital ratio. It’s been six years since the FHA was in compliance with the law. The Obama administration predicts it will finally meet this requirement by 2016, but we’ve heard similar rosy predictions about FHA finances for years. Some in Washington are now clamoring for the FHA to lower its annual mortgage insurance premiums. But until the FHA fulfills its statutory requirement, that should be a non-starter.
“Last year’s $1.7 billion taxpayer-funded bailout and FHA’s continued failure to meet its minimum capital ratio reinforce everything that many have said about FHA for some time – that it poses a high risk to taxpayers if it is not fundamentally reformed. The American people clearly want to end the destructive cycle of boom, bust and bailout that Washington policies helped foster in the housing market. Regrettably the FHA, as it operates today, exacerbates taxpayers’ fears of future bail-outs. The FHA has gone from backstopping the market to supplanting the market without a clear policy mission to serve first-time and low-income borrowers. The time for FHA reform is now. We can truly wait no longer.”Read More
November 18, 2014 2:00 p.m.
Housing and Insurance Subcommittee Hearing
"The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II"
November 19, 2014 2:00 p.m.
Housing and Insurance Subcommittee Hearing
"Opportunities for a Private and Competitive Sustainable Flood Insurance Market"
Wall Street Journal | Fannie Mae’s Profit Trap Comes Into View
Washington Times | New jobs numbers, same poor economy
Investor's Business Daily | Despite Gains In Jobs, Americans Aren't Convinced
Wall Street Journal | How to Distort Income Inequality
Politico Pro | Regional banks looking to Congress for relief
Bloomberg | Fannie-Freddie Regulator’s 3% Down Loans Draw Jeers
Washington Times | The end of Dodd-Frank?
Talk Radio News Service | Treasury Under Secretary: More Intel Needed On ISIS Financing
Investigation Reveals Export-Import Bank Exaggerating Help for Small Business
|Export-Import Bank admits
errors in small biz data
|CLICK HERE TO WATCH
“Rarely does Ex-Im miss a PR opportunity to claim that it primarily helps small business, but Ex-Im is again playing fast and loose with the facts. The Government Accountability Office also previously questioned Ex-Im about misstating its support for small business. The bulk of Ex-Im’s help indisputably goes to large corporations that can finance their own operations without putting it on the taxpayer balance sheet.”Read More
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