House Financial Services Committee

GOP Rep Faces Scrutiny

AP | LARRY MARGASAK | Posted 04.11.2012

Read More: Spencer Bachus Ethics Committee, Bachus Ethics Committee, Video, Spencer Bachus Insider Trading, Spencer Bachus Investigation, Bachus, Eithcs Committee, Spencer Bachus, Bachus Insider Trading, House Ethics Committee, Bachus Investigation, House Financial Services Committee, Rep. Spencer Bachus, Politics News

WASHINGTON — A new ethics investigation of the House Financial Services Committee chairman's investment activities during the events leading up ...

Read Whole Story

Sources: GOP Congressman Faces Insider-Trading Investigation

The Washington Post | Posted 02.09.2012

Read More: Congress, Insider Trading, Spencer Bachus, Alabama, Insider Trading Spencer Bachus, Office of Congressional Ethics, Spencer Bachus Insider Trading, House Financial Services Committee, Politics News

The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading...

Read Whole Story

Congress Grills Credit Agencies Over MF Global Collapse

Posted 01.05.2012

Read More: MF Global Holdings Ltd, McGraw-Hill Cos Inc, Congressman Randy Neugebauer, Video, Euro Bonds, Financial Industry Regulatory Authority, MF Global, Moody's Corp, Standard & Poor's Ratings Services, House Financial Services Committee, Business News

(Sarah N. Lynch) - Congressional investigators have launched an inquiry into the work of credit rating firms that examined MF Global Holdings Ltd'...

Read Whole Story

GOP Rep, Rogue Trader

HuffingtonPost.com | Mollie Reilly | Posted 11.14.2011

Read More: Congress, Insider Trading, Congressional Republicans, Stock Market, Throw Them All Out, Spencer Bachus Investments, Video, 60 Minutes, Spencer Bachus Rogue Trader, Gop, Peter Schweizer, Spencer Bachus, House Financial Services Committee, Republicans, Politics News

WASHINGTON -- Hours after leaving a closed-door meeting with top government officials about the impending financial collapse in September 2008, Rep. S...

Read Whole Story

Chairman Bernanke's "Urban Legend" About Deception and Corruption at the Fed

Robert Auerbach | Posted 12.18.2011

Read More: Chairman Ron Paul, Government Accountability Office (GAO), Chairman/Ranking Member Henry B. Gonzalez, Hungary, Bureau of Engraving and Printing, Government Operations Committee, Bulgaria, National Archives and Records Administration, Congressmen Maurice Hinchey, Vice Chairman Donald Kohn, Chairman Alan Greenspan, China, Joint Economic Committee, Chairman Ben Bernanke, Chairman Henry Reuss, Subcommittee on Monetary Policy and Technology, Senator Michael Lee, Poland, Russia, Romania, Czech Republic, House Financial Services Committee, Business News

On the same day I testified on Capitol Hill about the terrible record for transparency and corrupt records at the Federal Reserve, its chairman, Ben Bernanke, gave a strong opposing view before the Joint Economic Committee.

Read Post

Against More Bailouts? Watch the Backdoor.

Rep. Brad Miller | Posted 11.27.2011

Read More: Fhfa, Fannie Mae, Freddie Mac, Bailout, House Financial Services Committee, Brad Miller, Politics News

In September 2008, the Federal Housing Finance Agency took over Fannie and Freddie and the Treasury Department agreed to cover their losses to keep them in business. But it has cost taxpayers $162 billion so far to cover Fannie's and Freddie's losses.

Read Post

Is There a New Bipartisan Consensus on Housing Support?

Barry Zigas | Posted 11.18.2011

Read More: Fannie Mae, Congress, Freddie Mac, House Financial Services Committee, Gses, Politics News

After two years of intensely partisan and polarizing positioning around the future of Fannie Mae and Freddie Mac, two bi-partisan proposals have created a new front that could signal a more hopeful future for the debate.

Read Post

Bernanke Urges Lawmakers Not To 'Just Cut, Cut, Cut'

HuffingtonPost.com | William Alden | Posted 09.12.2011

Read More: Mitch McConnell, Unemployment, Debt Ceiling, John Boehner, Budget, Economic Crisis, Debt Limit, Business News, Financial Crisis, Federal Reserve, Ben Bernanke, House Financial Services Committee, Business News

Federal Reserve Chairman Ben Bernanke urged American leaders not to cut spending too aggressively in the short term, warning that a sharp and quick re...

Read Whole Story

FDIC Chair 'Very Concerned' EU Banking System Could Destabilize Global Economy

Posted 08.16.2011

Read More: Overexposure, Regulators, Fdic, Sheila Bair, European Banking System, Federal Deposit Insurance Corporation, Financial Reform, House Financial Services Committee, Business News

A top bank regulator said she is "very concerned" the European banking system has the potential to become a future source of financial instability...

Read Whole Story

GOP Congressman vs. Elizabeth Warren

The Baseline Scenario | Simon Johnson | Posted 05.30.2011

Read More: Tom Miller, Elizabeth Warren, Occ, Shelley Moore Capito, Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, Cfpb, Gop, House Subcommittee on Financial Institutions and Consumer Credit, Department of Justice, Spencer Bachus, House Financial Services Committee, Republicans, Politics News

By Simon Johnson The Baseline Scenario Representative Spencer Bachus, Republican chair of the House Financial Services Committee, famously remarke...

Read Whole Story

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Price-Fixing, Community Banks, Senate Banking Committee, Federal Reserve, Debbie Wasserman Schultz, Business, Mortgage-Companies, Merchant Payments Coalition, Eric Cantor, Politics, Visa, Bank Lobby, Bob Corker, Spencer Bachus, Tester-Corker Bill, Subprime Loans, Michael Hunter, Financial Regulation, American Bankers Association, Dick Durbin, Credit Cards, Shelly Moore Capito, Bank Lobbyists, Mastercard, Wall Street, Consumer Federation of America, Consumer Financial Protection Bureau, Swipe Fees, Jon Tester, Debit Cards, US News, House Financial Services Committee, Politics News

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

Read Whole Story

Regulator Defends Millions In Fannie, Freddie Legal Fees

AP | ALAN FRAM | Posted 05.25.2011

Read More: Edward Demarco, Fannie Freddie Legal Fees, Fannie Mae, Freddie Mac, Franklin Raines, House Financial Services Committee, Business News

WASHINGTON — The federal regulator overseeing Fannie Mae and Freddie Mac stood by his approval of millions of taxpayer dollars for legal fees de...

Read Whole Story

Republicans Attack "Unintended Consequences" Of Financial Reform Bill

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Financial Reform Bill, Spencer Bachus, Dodd-Frank, Lobbying, House Financial Services Committee, Barney Frank, Business News

Republicans are taking aim at the "unintended consequences" of the Dodd-Frank financial reform bill, including the rule that limits bank's abilities t...

Read Whole Story

Obama Lost A Key Financial Reform Ally Last Night

WSJ | Damian Paletta | Posted 05.25.2011

Read More: Freddie Mac, Paul Kanjorski, Kanjorski Campaign, Financial Reform, Election 2010, Kanjorski, Fannie Mae, Democrats, House Financial Services Committee, Business News

Mr. Kanjorski is the second-ranking Democrat on the House Financial Services Committee and stood to inherit the top seat if panel chairman Rep. Barney...

Read Whole Story

New House Financial Services Chief: '..Regulators Are There To Serve Banks'

nytimes.com | NANCY FOLBRE | Posted 05.25.2011

Read More: Bank Capital, Banks, Spencer Bachus, Financial Reform, New Financial Regulations, Bank Regulation, Financial Regulation, House Financial Services Committee, Business News

Remember that time-honored inversion of the Golden Rule: He who has the gold makes the rules. Representative Spencer T. Bachus, Republican of Alabam...

Read Whole Story

Incoming Finance Committee Chairman Relies on Finance Campaign Contributions

Paul Blumenthal | Posted 05.25.2011

Read More: Congress, Spencer Bachus, Financial Reform, House Financial Services Committee, Dodd-Frank Bill, Politics News

The new head of the House Financial Services Committee, the committee in charge of overseeing the financial sector, happens to be the member of Congress most reliant on contributions from the financial sector.

Read Post

Waters Ethics Case: Email Hasn't Provided Link To Alleged Conflict

AP | LARRY MARGASAK | Posted 05.25.2011

Read More: Maxine Waters, Maxine Waters Ethics Case, Maxine Waters Ethics, Maxine Waters Email, House Financial Services Committee, Mikael Moore, OneUnited Bank, Politics News

WASHINGTON — A recently discovered e-mail, which forced postponement of Rep. Maxine Waters' ethics trial, appears to bring the House ethics comm...

Read Whole Story

Post-Election Attacks on Financial Regulation Ignore the Lessons of the Recent Past

Barbara Roper | Posted 05.25.2011

Read More: Dodd-Frank Act, Spencer Bachus, 2010 Elections, Financial Reform, House Financial Services Committee, Republicans, Cfpb, Business News

If doing the same thing repeatedly and expecting a different result is the definition of insanity, then post-election pronouncements from Republican leaders regarding financial regulatory reform are nothing short of insane.

Read Post

Bernanke Calls On Congress To Help The Economy -- For At Least The Fourth Time In Five Months

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Senate Banking Committee, Economic Crisis, Business News, Quantitative Easing, Federal Reserve, Monetary Policy, Ben Bernanke, Fiscal Policy, Joint Economic Committee, House Financial Services Committee, Financial Crisis, Business News

NEW YORK -- For at least the fourth time since June, Federal Reserve Chairman Ben Bernanke publicly urged Congress to combat the lackluster recovery b...

Read Whole Story

Top GOP Leader Wants To Trim Back New Consumer Agency, Reforms

Reuters | Dave Clarke and Rachelle Younglai | Posted 05.25.2011

Read More: Richard Shelby, Consumer Agency, Senate Banking Committee, New Consumer Agency, House Financial Services Committee, Cfpb, Business News

WASHINGTON (Reuters) -- Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they reg...

Read Whole Story

Elizabeth Warren and the Inspector General of the "Independent" Bureau of Consumer Financial Protection

Robert Auerbach | Posted 05.25.2011

Read More: Elizabth Warren, House Financial Services Committee, Chris Dodd, Bureau of Consumer Financial Protection, Federal Feserve, Ig, Barney Frank, Elizabeth Warren, Politics News

The Inspector General was generally missing from discussions about the deceptive practices found in the Congressional investigations of the Federal Reserve. Not a good sign for oversight of the Bureau of Consumer Financial Protection.

Read Post

Regulators Decline To Identify What Counts As 'Inordinately Large' Pay

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Patrick McHenry, Fdic, Leonard Lance, Barney Frank, Federal Reserve, Meredith Cross, Securities and Exchange Commission, Executive Compensation, Scott Alvarez, Marc Steckel, House Financial Services Committee, Business News

Testifying Friday before the House Financial Services Committee, three regulators endowed with new powers by the Dodd-Frank financial reform act outli...

Read Whole Story

Lessons Learned From the Appointment of Elizabeth Warren

Pearl Korn | Posted 05.25.2011

Some are dissatisfied with the president for not going through a confirmation process in the Senate with Elizabeth Warren. His concerns were real about getting the 60 votes to override the filibuster that was certain to come from the Republicans.

Read Post

Executive Compensation: Barney Frank To Hold Hearing On Wall Street Pay

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011

Read More: Freddie Mac, Wall Street, Financial Overhaul, Barney Frank, Fannie Mae, Wall Street Salaries, Executive Compensation, House Financial Services Committee, Business News

Rep. Barney Frank, chairman of the House Financial Services Committee, said Tuesday that he will hold a hearing this fall to examine whether regulator...

Read Whole Story

Uncle Sam, The Right Reaction to Goldman is Not Group-Think

Blythe McGarvie | Posted 05.25.2011

Read More: Group Think, Goldman Sachs, Congress, Goldman Sachs Fraud, Regulation, Pirate Radio, Financial Regulation, House Financial Services Committee, Politics News

Government leaders often fight to protect people from themselves, believing they know best what others should do.

Read Post