Items Tagged with 'United States Senate Committee on Banking, Housing, and Urban Affairs'


  • Senate committee grills nominee for "most powerful position in banking"

    Randal Quarles tapped to fill vice chairman for supervision position
    If confirmed, Randal Quarles, an investment-fund manager and former Republican Treasury official, would be the first person to officially sit in a recently formed position on the Federal Reserve that has been referred to as the most powerful position in banking. But Senate Democrats won’t let him lock in the title without a fight. Trump tapped Quarles to be a member of the Board of Governors of the Federal Reserve System and to finally fill the position of vice chairman for supervision on the Fed.
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  • Dodd, Shelby Reach Deal on Housing Relief Package

    Senator Chris Dodd (D-CT) and Senator Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, said Monday evening that they had reached an agreement the so-called Federal Housing Finance Regulatory Reform Act of 2008.
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  • Senate Panel Schedules Vote on Housing Bill; Passage Seen as Unlikely

    Efforts by Senate Banking Committee Chairman Christopher Dodd (D-CT) to gain bipartisan acceptance for a sweeping housing proposal broke down late Friday, leading Dodd to push ahead with a proposed markup of his own housing package in a committee hearing scheduled for this Thursday. Talks with Richard Shelby (R-AL), the senior Republican on the Banking Committee, collapsed late last week, the Washington Post reported Tuesday.
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  • FHA Refi Plan Hits Speed Bump in Senate Committee

    Congressional Democrats' efforts to push through a housing aid bill that would expand the Federal Housing Adminstration's authority to insure refinancing of troubled mortgages hit a snag Friday morning, with Senate Banking, Housing and Urban Affairs Chairman Chris Dodd (D-CT) tabling a planned May 6 markup of his FHA bill and a long-stalled proposal to revamp regulation of mortgage finance giants Fannie Mae and Freddie Mac.
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