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Financial Services Committee

Freshman Members Of Key Committee Raking In Wall Street Cash

www.nytimes.com | Posted 10.11.2013 | Politics

WASHINGTON -- Representative Andy Barr, a Republican from Kentucky with little experience in the intricacies of Wall Street, was among the lucky House...

Zach Carter

Wall Street 'Cash Committee', In Congress To Lose Hardest Hitting Members

HuffingtonPost.com | Zach Carter | Posted 06.20.2012 | Politics

WASHINGTON -- Some of the toughest questions for JPMorgan Chase CEO Jamie Dimon during Tuesday's House Financial Services Committee hearing came from ...

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

Reuters | Posted 06.22.2012 | Business

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

Bernanke: GOP Budget Cuts Could Cost 200K Jobs

Posted 05.25.2011 | Business

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

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

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

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.

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

John Taylor | Posted 05.25.2011 | Politics
John Taylor

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.

Ryan Grim

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

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

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

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

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

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

House Panel Says States Can Protect Consumers

AP | ANNE FLAHERTY | Posted 05.25.2011 | Politics

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

Hiding Help in Financial Reform

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

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.

A Reasonable Case For Regulation

Rep. Jackie Speier | Posted 05.25.2011 | Politics
Rep. Jackie Speier

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?

Major Loopholes In Derivatives Bill (For Now)

Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

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...

Shahien Nasiripour

Barney Frank: No More Secret Agreements Between Regulators and Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011 | Business

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...

Ryan Grim

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

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

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

Wall Street Follies: The Next Act

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Politics

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

Ryan Grim and Arthur Delaney

The Cash Committee: How Wall Street Wins On The Hill

HuffingtonPost.com | Ryan Grim and Arthur Delaney | Posted 07.11.2013 | Politics

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

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

Washington Independent | Mike Lillis | Posted 05.25.2011 | Politics

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...

Exceptions To Derivatives Trading Rule Dilute Regulation

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

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

Ryan Grim

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

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

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

Ryan Grim

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

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

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

If Not Health Care Reform...

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

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.

Ryan Grim

Under Wall Street Pressure, House Dems Punt On Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

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