Items Tagged with 'House Financial Services Committees'

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Republicans demand answers from HUD's Castro on FHA non-performing loan sales

Hensarling calls for Castro to appear before House Financial Services Committee
Last week, HUD and the FHA announced the "most significant improvements to date" to its non-performing loan sales program. But House Financial Services Committee Chairman Jeb Hensarling, R-TX, is less than impressed with those changes, going so far as to question HUD, the FHA, and HUD Secretary Julián Castro's motivations for making the changes.
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Inside the foundation-shattering Republican plan to abolish Dodd-Frank

Includes ending 'too big to fail', dramatic overhaul of CFPB
If House Financial Services Committee Chairman Rep. Jeb Hensarling, gets his way, Tuesday, June 7, 2016 will soon be remembered as the day that the death clock started on the Dodd-Frank Wall Street Reform and Consumer Protection Act. Here's an in-depth look at the Republican-crafted plan to fundamentally change how the CFPB, the FHFA, and the country's entire financial system, functions.
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Republicans set to unveil plan to replace Dodd-Frank

Hensarling: Dodd-Frank "stands as a monument to the arrogance and hubris of man"
Later this year, the Dodd-Frank Wall Street Reform and Consumer Protection Act will reach its sixth anniversary, unless Congressional Republicans get their way. They would hate to see Dodd-Frank reach anniversary number seven judging by this recent, fiery speech. Here's what their replacement would look like.
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House Financial Services Committee approves bill to rein in CFPB budget

Hensarling: We will continue to debate the activities of this particular rogue agency
The Consumer Financial Protection Bureau, long a target of Republicans on Capitol Hill, is in the crosshairs again, as the House Financial Services Committee approved a bill Wednesday that would bring the CFPB’s budget under Congressional oversight. The CFPB's budget currently comes from the Federal Reserve, which has no oversight of the bureau.
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Can the Fed reverse interest rate hikes, impose negative rates?

Fed Chair Yellen testifies before House Financial Services Committee
The hot topic for questioning during Federal Reserve Chair Janet Yellen’s hearing before the House Financial Services Committee Wednesday morning centered around the feasibility of negative Fed rates. The Fed announced in December that it was officially raising the federal funds rate for the first time since June 2006. Is this all about to change?
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How Rep. Scott Garrett’s anti-gay views are splintering Wall Street

Bloomberg digs deep on influential member of Committee on Financial Services
Rep. Scott Garrett, R-N.J., holds undeniable influence on the country’s financial system, and especially the country’s housing financial system. But Garrett’s personal views on the Republican Party’s support of gay candidates place him at the center of a storm that’s currently ripping apart both his party and Wall Street as well.
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The White House fights back to save CFPB

3 deals the president wants to protect
The House Financial Services Committee is considering several bills to change Wall Street reform today. One of the bills includes changing the Consumer Financial Protection Bureau, a move the White House is quick to fight back on.
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