Cordray Faces House Republicans in Financial Services Committee Hearing

By: Tuesday January 24, 2012 10:57 am

Richard Cordray is appearing before a House Financial Services subcommittee at this hour, and I’m not available to watch the testimony. However, I do have Cordray’s written testimony, which he will presumably deliver in a truncated form. It’s pretty good, actually. I especially like how Cordray frames his mission as protecting honest businesses. Second, the [...]

McHenry Plans to Embarrass Himself Again With CFPB Hearing

By: Thursday January 12, 2012 11:33 am

The last time Patrick McHenry, the Billy Zabka of the House Republican caucus, held a hearing with a member of the Consumer Financial Protection Bureau, it didn’t turn out too well. He called Elizabeth Warren a liar and generally tried to bully her, and received quite a backlash in the process. So we’ll get a [...]

Knives Already Out for Waters After Frank Retirement

By: Tuesday November 29, 2011 8:56 am

I looked yesterday at what Barney Frank’s retirement would mean for the all-important House Financial Services Committee. The next in line to represent Democrats as the leader of that committee is Maxine Waters, and I thought there would be significant pushback to her attaining that leadership role. It turns out that I was right. There’s [...]

Series of Panels in House Financial Services Today on Foreclosure Fraud

By: Thursday November 18, 2010 8:05 am

Right now on C-SPAN3, the House Financial Services Committee is holding a series of hearings on foreclosure fraud. The three panels today are divvied up among regulators, bankers, and homeowner advocates and academics. The current panel includes Phyllis Caldwell, the chief of the Homeownership Preservation Office at the Treasury Department; Elizabeth Duke, of the Federal [...]

Frank Bans Staffer-Turned-Lobbyist from Any Contact with Financial Services Committee

By: Thursday April 1, 2010 10:41 am

In Monday’s Roundup I mentioned that Peter Roberson, a staffer for the House Financial Services Committee dealing specifically with swaps and exchanges in the new FinReg bill, left to lobby for a corporation that owns clearinghouses for derivatives. Ryan Grim added that Roberson was a bank lobbyist, who moved to the Financial Services Committee, and [...]

The Video That Encapsulates Corporate Influence In Government

By: Wednesday December 30, 2009 10:14 am

The video in question is taken from Ryan Grim and Arthur Delaney’s superlative chronicle of the House Financial Services Committee, and how it has essentially been co-opted by the banking industry. It isn’t available for embedding, so you’ll have to visit HuffPo to watch it. But I’ll let Grim and Delaney describe it for you. [...]

CBC Boycotts Final Committee Vote On Financial Reform

By: Wednesday December 2, 2009 10:23 am

A strange result today in the House Financial Services Committee. Today, the committee passed their bill on financial regulatory reform, which was mostly completed before the Thanksgiving break. At that time, the Congressional Black Caucus asked for a delay on the vote, to try and gain leverage over passing some package to relieve the massive [...]

House Panel Passes Break Up The Banks Provision

By: Thursday November 19, 2009 8:00 am

Despite strong opposition from the financial industry, yesterday the House Financial Services Committee managed to pass an amendment from Rep. Paul Kanjorski that he says would end the practice of “too big to fail,” allowing regulators to break up giant banks and disallow certain mergers. The bill would give a proposed new council of regulators [...]

Frank Proposes Legislation Ending “Too Big To Fail”

By: Monday October 26, 2009 8:31 am

One contention from the Obama Treasury Department in the aftermath of the financial crisis is that they didn’t have the proper authority to wind down big banks, and where thus forced to prop them up, giving rise to that familiar phrase “too big to fail.” New proposals coming from the White House and Barney Frank, [...]

CFPA Passes House Committee; Amendment Exempting Auto Dealer Financing Passes, Too

By: Thursday October 22, 2009 9:38 am

The House Financial Services Committee approved a controversial amendment, opposed by Chairman Barney Frank, to exempt auto financing from independent dealers from the oversight of the Consumer Financial Protection Agency. The vote was 47-21, with a large number of Democrats joining with Republicans. I’ll have the full committee breakdowns for you when I get them. [...]

House Panel Exempts Auto Dealers From CFPA On Test Vote

By: Wednesday October 21, 2009 4:22 pm

The House Financial Services Committee dealt quite a blow to the proposed Consumer Financial Protection Agency today – or at least they may have. John Campbell, a Republican on the panel from California, submitted an amendment in the CFPA markup session today that would have exempted auto financing from independent car dealers from scrutiny and [...]

support firedoglake
Follow FDL News Desk