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House Financial Services Committee

Ryan Grim, Naomi Klein Discuss 'Audit The Fed' Bill On MSNBC (VIDEO)

Posted 11.19.2009 | Politics

Read More: Ron Paul, Ryan Grim Morning Meeting, Naomi Klein, Paul Grayson Bill, Alan Grayson, Ryan Grim, Watts Amendment, Fed Secret Bailouts, Audit the Fed Letter, Morning Meeting Dylan Ratigan, Audit the Fed, Ryan Grim MSNBC, Financial Regulation, House Financial Services Committee, Politics News

The Huffington Post's Ryan Grim appeared on MSNBC's "Morning Meeting" Thursday, alongside author Naomi Klein, to discuss the Ron Paul/Alan Grayson bil...

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Elizabeth Warren's New Model For Wall St.: 'If You Can't Explain It, You Can't Sell It'

bloomberg.com | Posted 11.19.2009 | Business

Read More: Congresisonal Oversight Panel, Coors Light, Elizabeth Warren, Troubled Asset Relief Program, Financial Reform, U.S. Chamber of Commerce, Consumer Protection Agency, Harvard, Barack Obama, Thomas Cooley, House Financial Services Committee, Business News

Nov. 19 (Bloomberg) -- In Elizabeth Warren's world, credit card contracts would be so simple a teenager could read and understand them in four minutes...

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Arthur Delaney

Audit The Fed Effort Wins Support From An Unusual Coalition

HuffingtonPost.com | Arthur Delaney | Posted 11.19.2009 | Business

Read More: Tarp, Max Bauchus, Watt Amendment, Frank, Barney Frank, Aig, Alan Grayson, Lobbyblog, Barney, Rob Johnson, Mel Watt, Audit the Fed, Dean Baker, House Financial Services Committee, Business News

An unusual coalition of progressive economists, labor leaders, and bloggers has decided to fight back against a congressional amendment that would all...

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House Dems Sharpening 'Too Big To Fail' Bill

Reuters | Kevin Drawbaugh | Posted 11.18.2009 | Business

Read More: House of Representatives, Financial Reform, Too Big to Fail, Too Big to Fail Bill, Financial Regulation, House Financial Services Committee, Republicans, Business News

WASHINGTON (Reuters) - A key U.S. congressional panel moved toward toughening a plan for dealing with "too big to fail" financial firms on Tuesday, wh...

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Ryan Grim

Moneyed Interests Lining Up For Battle Over Accounting Standards

HuffingtonPost.com | Ryan Grim | Posted 11.16.2009 | Politics

Read More: CFA Institute Centre for Financial Market Integrity, Tohmatsu, Council of Institutional Investors, Committee on Capital Markets Regulation, American Institute of Certified Public Accountants, Center for Capital Markets Competitiveness, Economy, Financial Services Roundtable, American Council for Capital Formation, Reform, National Association of Home Builders, Ernst and Young, Accf, Financial Executives International, Jim Turley, Center for Audit Quality, Commercial Mortgage Securities Association, Financial Accounting Standards Advisory Council, National Multi Housing Council, Paul Volcker, Real Estate, Accounting, American Bankers Association, Sec, Aba, Calpers, Fasb, Financial Reform, Investment Company Institute, Institute of Management Accountants, US SEC, National Apartment Association, Grant Thornton Llp, Ed Perlmutter, Kpmg, Recession, Barney Frank, House Financial Services Committee, Deloitte Touche, Council of Federal Home Loan Banks, Perlmutter, Real Estate Roundtable, Banks, Emails, Politics News

In the midst of what was supposed to be a Congressional push for increased financial regulation and accountability, a powerful coalition of moneyed in...

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Derivatives Reform: 'Tricky Exceptions' Leave Market Unchecked: The Nation

thenation.com | William Greider | Posted 11.13.2009 | Business

Read More: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Economy, Derivatives, Barney Frank, Bank of America, Regulatory Reform, Obama Administration, Derivatives Trading, Financial Regulation, House Financial Services Committee, Citigroup, Transparency, Business News

The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...

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Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 11.09.2009 | Politics

Read More: Fed, Geithner, Timothy Geithner, Sec, Larry Summers, Too Big to Ail, Lobbying, Bank of America, Lobbyists, Chase, Paulson, Economy, Metlife, Regulation, JP Morgan, Obama, Democrats, Prudential, Recession, Barney Frank, House, Senate, House Financial Services Committee, Henry Paulson, White House, Treasury, Hank Paulson, Kanjorski, JP Morgan Chase, Republicans, Politics News

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

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Federal Reserve-Led Regulation Opposed By Lawmakers From Both Parties

Patrice Hill | Posted 11.09.2009 | Business

Read More: Treasury Department, Barney Frank, Bank of America, Aig, Banks, Federal Reserve, Timothy Geithner, Obama Financial Reform, Financial Regulation, Ralph Nader, House Financial Services Committee, Business News

An unusual alliance of conservatives and liberals is pushing to break up or downsize banks deemed "too big to fail," rather than create a new regulato...

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Barney Frank Reconsiders Derivatives Rules: "There May Be A Problem Here"

boston.com | Michael Kranish | Posted 11.04.2009 | Business

Read More: Derivatives Measure, Senator Maria Cantwell, Derivatives Rules, Americans for Financial Reform, Commodities Futures Trading Commission, Derivatives Reform, Barney Frank, Derivatives Trading, Gary Gensler, Securities and Exchange Commission, Heather Booth, House Financial Services Committee, Barney Frank Legislation, Business News

WASHINGTON -- House Financial Services Committee chairman Barney Frank, under fire from some fellow Democrats and consumer groups for carving out what...

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Sarbanes-Oxley Act: Amendment To Exempt Small Firms Passes House Committee

Rolfe Winkler | Posted 11.04.2009 | Business

Read More: John Adler, Sarbanes-Oxley Act, Enron, Regulation, Worldcom, Securities and Exchange Commission, Consumer Protection, House Financial Services Committee, Business News

An amendment that would permanently exempt small public companies from complying with a key provision of the Sarbanes-Oxley Act advanced in Congress t...

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Dylan Ratigan Outlines The 4 Steps To Fix The Banks (VIDEO)

The Huffington Post | Posted 11.04.2009 | Politics

Read More: Msnbc, Tim Geithner, Morning Meeting, Too Big to Fail, Dylan Ratigan, House Financial Services Committee, Politics News

On Wednesday morning on MSNBC's Morning Meeting, Dylan Ratigan railed against the current debate in the House Financial Services Committee about syste...

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The House Financial Reform Bill: Don't Touch the Banks, Get a Smarter Fed

Dean Baker | Posted 11.03.2009 | Business

Read More: Banks, Bailouts, Financial Reform, Barney Frank, Too Big to Fail, Financial Crisis, Financial Regulation, House Financial Services Committee, Business News
Dean Baker

The only people who seem to stand outside the consensus that too-big-to-fail banks are unacceptable are those who hold power and are steering the process of financial reform.

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An End to the Credit Card Madness

Jose A. Garcia | Posted 11.02.2009 | Business

Read More: Senator Chris Dodd, Consumer Debt, Credit Card Debt, Credit Cards, Recession, House Financial Services Committee, Business News
Jose A. Garcia

Since the passage of the Credit CARD Act of 2009, credit card companies have been jacking up interest rates in anticipation of February 22, 2010, when the law goes into full effect.

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News Flash: Lenders Prefer Fragmented Regulation of the Consumer Financial Marketplace

Norman I. Silber | Posted 11.02.2009 | Business

Read More: Consumer Financial Protection Agency, Consumer Financial Protection, Cfpa, Regulation, Chamber of Commerce, House Financial Services Committee, American Bankers Association, Business News
Norman I. Silber

Regulators appear to have placed a higher value on protecting the interests of those who sell financial products than on the interests of consumers of transparent, safe, and fair financial products.

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Democrats: Overdraft Fees Must Be Curtailed

AP | ANNE FLAHERTY | Posted 10.30.2009 | Business

Read More: Senate Banking Committee, Barney Frank, Christopher Dodd, Banks, Overdraft Fees, Overdraft Protection, House Financial Services Committee, Business News

WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their account...

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An Object Lesson In Governmental Failure: Derivatives Reform

Harpers | Ken Silverstein | Posted 10.30.2009 | Business

Read More: Derivatives, Barney Frank, House Financial Services Committee, Derivatives Reform, Business News

If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last Octobe...

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Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business

Read More: Aig, Chrysler, Gm, Lehman Brothers, Federal Reserve Board, Tim Geithner, Barney Frank, Freddi Mac, Fannie Mae, Daniel Tarullo, Bailout, Too Big Too Fail, Geithner Testimony, House Financial Services Committee, Financial Crisis, Fiscal Policy, Business News

WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...

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Credit Rating Agencies: New Regulations Approved By House Committee

AP | ANNE FLAHERTY | Posted 10.29.2009 | Business

Read More: Standard, Ratings Agencies, Financial Crisis, Securities and Exchange Commission, House Financial Services Committee, Moody's, Business News

WASHINGTON — A House committee voted Wednesday to set new rules for investment rating agencies, which lawmakers say misled investors by giving h...

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"Too Big To Fail" Bill Unveiled By Treasury Department, House Dems

The Huffington Post | Ryan MCCarthy | Posted 11.02.2009 | Business

Read More: Treasury Department, Financial Superfund, Barney Frank, Federal Reserve, Too Big Too Fail, Systemic Risk, House Financial Services Committee, Fiscal Policy, Business News

The Treasury Department and the House Financial Services Committee chairman Barney Frank (D - Mass.) last night unveiled a sweeping new bill that atte...

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"Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics

Read More: Goldman Saks, Congress, Economy, Bailouts, Obama, Too Big to Fail Bill, Legislation, Ben Bernanke, Aig, White House, Bailout, Federal Reserve, Lehman Brothers, Bofa, Treasury, Gop, Consumer Protection Agency, Financial Crisis, Paul Volcker, Wall Street, Citigroup, Bank of America, Derivatives, Ben Bernanke Federal Reserve, Democrats, Recession, Barney Frank, House, House Financial Services Committee, Senate, Barack Obama, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Politics News

A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

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Wall Street Follies: The Next Act

New York Times | GRETCHEN MORGENSON | Posted 10.25.2009 | Politics

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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"Too Big To Fail" Bill Coming On Monday From Obama Administration: Reuters

Reuters | Posted 10.23.2009 | Business

Read More: Financial Reform, Barney Frank, Banks, Obama Administration, Resolution Authority, Too Big Too Fail, House Financial Services Committee, Business News

WASHINGTON, Oct 23 (Reuters) - The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior...

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Car Dealers Exempt From New Consumer Protection Agency

Steve Parker | Posted 10.22.2009 | Business

Read More: Walt Minnick, White House, National Automobile Dealers Association, North Dakota, Congress, California, Mike Castle, John Campbell, President Obama, Cfpa, Cars, Federal Reserve, Federal Trade Commission, Mississippi, Consumer Financial Protection Agency, Delaware, Travis Childers, House Financial Services Committee, Business News
Steve Parker

The House Financial Services Committee approved a key amendment Thursday, 47-21, to keep automobile dealers exempt them from a new government consumer protection agency.

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Jeff Muskus

Consumer Financial Protection Act Passed By House Committee

HuffingtonPost.com | Jeff Muskus | Posted 10.22.2009 | Politics

Read More: Regulatory Reform, Consumer Financial Protection Act, Cfpa, Barney Frank, House Financial Services Committee, Video, Politics News

The proposed Consumer Financial Protection Agency took another step forward Thursday in the House, moving out of the Financial Services Committee -- a...

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Clear and Present Conflict of Interest. How Bad Does it Have to Be?

David Donnelly | Posted 10.21.2009 | Politics

Read More: John Campbell, Center for Respnosive Politics, Consumer Financial Protection Agency, House Financial Services Committee, Politics News
David Donnelly

Rep. John Campbell (R-Calif.) has taken $170,550 in campaign contributions from auto dealers. Who do you think he wants to exempt from the provisions of the Consumer Financial Protection Agency bill?

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