Items Tagged with 'Banking Committee'


  • Dodd-Frank replacement heads to Senate vote

    Bill holds 20 co-sponsors on both sides of the aisle
    The Senate passed a motion Thursday to send one of the biggest rewrites of the Dodd-Frank Act to the floor for a vote, which is expected sometime next week. The bill contains policies which would roll back or eliminate key parts from the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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  • Cordray Begins CFPB Director Confirmation Process

    Richard Cordray, President Obama's nominee for the Director of the Consumer Financial Protection Bureau (CFPB), is appearing before the Senate Banking Committee today as the the Senate confirmation process has begun.   In his opening remarks, Cordray intends to downplay the use of litigation in enforcing the regulations of the agency believing that lawsuits should be used judiciously.  He states that his experience as Attorney General for the State of Ohio has taught him that litigation can be slow and costly.  He seeks to use the various other powers available to the agency to resolve problems. "I quickly learned
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