Financial Services Committee

Why Despite A Chorus Of Critics, Fannie, Freddie Aren't Being Shutdown

Reuters | Posted 04.23.2012

Read More: Congress, Housing Market, Foreclosure Crisis, Video, Freddie Mac, Bailout, Reuters, Financial Services Committee, Obama Administration, Fannie Mae, Treasury Secretary Timothy Geithner, Home Loans, University of Pennsylvania's Wharton School, Business News

* Democrats and Republicans want to replace mortgage giants * No quick action from Congress expected in election year By...

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Bernanke: GOP Budget Cuts Could Cost 200K Jobs

Posted 05.25.2011

Read More: Business News, US Economy, Federal Reserve, Ben Bernanke, Financial Services Committee, Employment, Business News

WASHINGTON (By Mark Felsenthal) - Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent t...

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New GOP Team: Is There a Moderate in the House?

Rick Horowitz | Posted 05.25.2011

Read More: Gop, House of Representatives, Fred Upton, Spencer Bachus, Harold Rogers, Congressional Committees, John Boehner, Darrell Issa, Energy and Commerce Committee, Financial Services Committee, Committee Chairmen, Congress, Appropriations Committee, Republicans, Republican Moderates, Oversight and Government Reform Committee, Satire, Comedy, Politics News

Speaker-in-Waiting John Boehner's team has already announced its picks for the new committee chairmen -- a step that was immediately followed by the requisite sniping from across the aisle.

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A No-Brainer: Spurring Job Creation at No Cost to Taxpayers

John Taylor | Posted 05.25.2011

Read More: Community Reinvestment, Small Business, Ncrc, Subprime Lending, Financial Services Committee, Wall Street Reform, Financial Reform, Foreclosure Prevention, Reform Cra, Foreclosure, Homeowners, John Taylor, Accountability, Politics News

If Washington is serious about addressing job creation, the White House and Congress should support the expansion of the Community Reinvestment Act, legislation that has invested over a trillion dollars into our economy during the past decade.

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Peter Roberson, Bank Lobbyist Turned House Staffer, Is Heading Back To K Street

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: K Street, House Financial Services, Financial Services Committee, Revolving Door, Intercontinental Exchange, Lobbyist, Bma, Peter Roberson, Politics News

When the House worked on financial regulatory reform legislation last year, 16 of the Financial Services Committee staffers -- 12 of them Democrats --...

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Benrnanke: Record-Low Interest Rates Are Still Needed To Keep The Recovery Going

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Bernanke, Economic Report, Bernanke Economic Report, Financial Crisis, Financial Services Committee, Unemployment, Foreclosures, Business News

WASHINGTON — New signs emerged Wednesday that the economic rebound is sputtering. Sales of new homes hit a record low last month. And mortgage g...

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Barney Frank: No More Secret Agreements Between Regulators and Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Barney Frank Banking Reform, Financial Services Committee, Barney Frank, Financial Crisis, Bank Secret Agreements, Barney Frank Regulation, Business News

Updated at 7:45 p.m. ET Every action taken by federal regulators against large, systemically-important financial firms -- those commonly referred to ...

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Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011

Read More: Timothy Geithner, Larry Summers, Economy, Barney Frank, Jobless, Regulation, Obama, Reform, Lloyd Blankfein, Frank Rich, Unemployment Rate, Goldman Sachs, White House, Jobless Rate, Bailout, Treasury, Blankfein, Wall Street, Health Care, Greed, Sec, Depression, Senate Finance Committee, Derivatives, Financial Crisis Inquiry Commission, Goldman, Recession, Financial Services Committee, Health Care Reform, Bonuses, House Financial Services Committee, Business News

As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

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African-American Protest Against Obama Jobs Policy Heats Up In House

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Financial Regulatory Reform, Congressional Black Caucus, Consumer Financial Protection Agency, Financial Services Committee, Politics News

African-American Democrats in the House upped their pressure on President Obama on Wednesday, boycotting a final committee vote on a financial regulat...

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Wall Street Follies: The Next Act

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: House Financial Services Committee, Bailout, House Agriculture Committee, Obama Adminstration, Financial Reforms, Federal Reserve, Wall Street, Ag Committee, Derivatives, Economy, Financial Reform, Obama, Reform, The Fed, Consumer Protection Bill, White House, Financial Services Committee, Glass-Steagall, Politics News

It certainly sounded good. Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, t...

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The Cash Committee: How Wall Street Wins On The Hill

HuffingtonPost.com | Ryan Grim and Arthur Delaney | Posted 05.25.2011

Read More: Lobbying Campaigns, House Financial Services Committee, Finance, Financial Services, Financial Services Committee, Credit Crisis, Lobbyblog, Wall Street, Barney Frank, Campaign Contributions, Politics News

The question was simple: Should the lending practices of auto dealers be regulated? It was already October and the 42 Democrats and 29 Republicans on...

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Brad Sherman: Finance Safeguards An Executive Power Grab, "TARP On Steroids"

Washington Independent | Mike Lillis | Posted 05.25.2011

Read More: Tarp, Brad Sherman Finance Safeguards, Brad Sherman, Wall Street Bailout, Finance Reform Legislation, Financial Services Regulation, Financial Services Committee, Brad Sherman Wall Street Bail Out, Brad Sherman Tarp on Steroids, Tarp on Steroids, Politics News

In the wake of the recent financial meltdown, it sounds like a reasonable idea: A proposal granting the White House broad new authority to take over w...

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Exceptions To Derivatives Trading Rule Dilute Regulation

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Derivatives regulation has been on the nation's financial reform agenda for months. Undoing the Clinton-era law that exempted swaps from oversight is ...

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Rep. Jackie Speier's Tough Bank Amendment Passes With Room Nearly Empty

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Bank Amendment, Bank Legislation, Financial Services Committee, Jackie Speier, Politics News

Don't sleep on Jackie Speier. The freshman Democrat from California came into the House Financial Services Committee room Thursday ready to fight for ...

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House Panel Says States Can Protect Consumers

AP | ANNE FLAHERTY | Posted 05.25.2011

Read More: House of Representatives, Melvin Watt, Consumer Financial Protection Agency, Financial Services Committee, Barney Frank, Banking Crisis, Dennis-Moore, Melissa Bean, Banking Industry, Financial Regulation, House Financial Services Committee, Politics News

WASHINGTON — The House Financial Services Committee agreed Wednesday to ensure states can impose their own tough consumer protection laws agains...

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Hiding Help in Financial Reform

Harry Moroz | Posted 05.25.2011

Read More: White House, Wall Street Reform and Consumer Protection Act, Congressional Black Caucus, Financial Reform, Housing Crisis, Financial Services Committee, Black Unemployment, Politics News

As a result of good, old-fashioned political pressure, the financial reform bill that the House will vote on on Friday has become a dark horse for job creation and housing assistance.

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A Reasonable Case For Regulation

Rep. Jackie Speier | Posted 05.25.2011

Read More: Sec, Lehman Brothers, Financial Services Committee, Regulation, Rating Agencies, Moody's, Fitch, Standard & Poor, Financial Regulation, Jackie Speier, California, Politics News

How would you feel if you discovered that a highly-rated bond received its grade not because the company is strong, but because the rating agency assumed the government would bail the company out?

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Major Loopholes In Derivatives Bill (For Now)

Newsweek | Michael Hirsh | Posted 05.25.2011

Read More: Barney Frank Derivatives Bill, Wall Street Regulation, Wall Street, Economy, Financial Services Committee, Too Big to Fail, Barney Frank, Regulatory Reform, Derivatives Trading, Derivatives Bill, Economic Collapse, Too Hard to Understand, Financial Regulation, Business News

Thanks to weeks of intense pressure from Wall Street banks and their customers in corporate America, the bill that was approved on Thursday by Rep. Ba...

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Frank Bites Back, Demands Retraction Of Blue Dog Comments In Politico

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Retraction, Walt Minnick, Council, Barney Frank, Recession, Larry Summers, Reform, Regulation, Community Banks, Blue Dog Coalition, Wall Street, Cfpa, Consumer Financial Protection Agency, Financial Services Committee, Politico, Blue Dogs, Banks, Economy, Politics News

Backers of President Obama's cornerstone financial regulatory reform proposal pushed back Monday against the Blue Dog Coalition, which is promoting a ...

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If Not Health Care Reform...

Harry Moroz | Posted 05.25.2011

Read More: Behavioral Economics, Ben Bernanke, Jeb Hensarling, President Obama, Richard Posner, Wall Street Journal, Elizabeth Warrenm, Consumer Financial Protection Agency, Financial Services Committee, Politics News

The Obama administration is currently losing its argument for the CFPA. It is suffering under some of the same criticisms as its health care reform plan: in particular, that choice will be limited by minimum regulatory standards.

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Under Wall Street Pressure, House Dems Punt On Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Consumer Financial Product Safety Commission, Wall Street Lobbying Consumer Products, Consumer Safety, Financial Services Committee, Barney Frank, Transparency, Politics News

Intense lobbying pressure from Wall Street has slowed the progress of a major piece of financial regulatory reform legislation. Financial Services Com...

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