Posts filtered by tags: House Financial Services Committee[x]


 

United States: House Financial Services Committee Chair Maxine Waters Reintroduces Consumers First Act - Cadwalader, Wickersham & Taft LLP

House Financial Services Committee Chair Maxine Waters (D-CA), along with numerous Democratic co-sponsors, reintroduced the Consumers First Act (the "CFA").
Tags: News, United States, House Financial Services Committee, Cadwalader Wickersham, Taft LLP


Yesterday’s Scandal, Today’s Mandate: Antis Embraces Operation Choke Point as Policy

Opinion U.S. Rep. Carolyn Maloney Fairfax, VA – -(Ammoland.com)- On Tuesday, U.S. Rep. Carolyn Maloney (D-NY) unabashedly embraced the tactics behind one of the most shameful policies of the Obama era, openly using the guise of her federal authority to berate and not so subtly threaten a bank for lawfully serving businesses that don’t reflect her political views. While the media did their best to protect Barack Obama and his administration from any hint of scandal, two gun related issues man...
Tags: Guns, Obama, Congress, White House, America, Barack Obama, Fbi, House, Wells Fargo, Nra, Sloan, House Financial Services Committee, OCP, Maloney, Carolyn Maloney, Gun Rights News


Wells Fargo CEO says scandal-ridden bank is stronger, congressional committee pushes back

The CEO of beleaguered Wells Fargo told Congress Tuesday the bank has cleaned up its act after a series of scandals that affected millions of customers. But Democrats — and some Republicans — on the House Financial Services Committee didn’t seem to be buying it. Wells Fargo & Co. President and CEO Tim Sloan told the committee the bank is compensating customers who had been harmed, strengthening risk management and internal controls, and improving the culture at the consumer banking giant. Wells ...
Tags: Congress, California, San Francisco, Sport, Soccer, Federal Reserve, Brad Sherman, Wells Fargo, Wells, Wells Fargo Co, Sloan, House Financial Services Committee, Tim Sloan, Wells Fargo CEO, Committee Chair Maxine Waters


CEO of troubled Wells Fargo says bank is stronger

WASHINGTON (AP) — The CEO of beleaguered Wells Fargo is telling Congress the bank has cleaned up its act after a series of scandals that affected millions of customers. But Democrats – and some Republicans – on the House Financial Services Committee aren’t buying it. Wells Fargo CEO and President Tim Sloan told the committee […]
Tags: Business, News, Congress, Washington, Ap, Wells Fargo, House Financial Services Committee, Tim Sloan


Wells Fargo's CEO says the bank has changed. Congress isn't so sure

Tim Sloan will face skeptical lawmakers when he testifies in front of the House Financial Services Committee Tuesday.
Tags: Congress, Cnn, Wells Fargo, House Financial Services Committee, Tim Sloan


United States: Federal Reserve Chairman Powell Testifies That Leveraged Lending Does Not Pose A Systemic Risk To Banks - Kramer Levin Naftalis & Frankel LLP

On Feb. 27, 2019, Federal Reserve Chairman Jerome Powell, during testimony before the House Financial Services Committee, was asked by Representative Gregory Meeks
Tags: News, United States, Federal Reserve, Powell, House Financial Services Committee, Jerome Powell, Frankel LLP, Kramer Levin Naftalis, Feb 27 2019 Federal Reserve


Trump's CFPB chief defends management of agency to Democrats

Democrats on the House Financial Services Committee grilled the Consumer Financial Protection Bureau's new chief Kathy Kraninger on Thursday, in her first appearance before Congress since she was appointed in December.
Tags: Congress, Cnn, Trump, CFPB, House Financial Services Committee, Consumer Financial Protection Bureau, Kathy Kraninger


CFPB Director Kraninger Takes Hot Seat at House Committee Hearing

New Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger testified Thursday morning before the House Financial Services Committee, answering pointed questions from Democratic and Republican politicians concerning the oversight of the agency. In a hearing titled “Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau,” Democratic members of Congress led by committee chairwoman Rep. Maxine Waters (D-CA) pressed Director Kraninger on the C...
Tags: Obama, Congress, Finance, Republican, Bureau, Patrick McHenry, CFPB, House Financial Services Committee, Bill Posey, Mick Mulvaney, Ann Wagner, Richard Cordray, Gregory Meeks, Kraninger, Rep Maxine Waters D CA, Kathleen L Kraninger


Consumer watchdog agency and its leadership under scrutiny

The government's consumer watchdog agency came under new scrutiny from the House Financial Services Committee, now controlled by Democrats who say the appointees chosen by President Donald Trump to lead the organization have undermined its mission to protect Americans.
Tags: Finance, Article, Associated Press, Donald Trump, FBN, House Financial Services Committee, Fbn/markets, Fox-business/markets, Fox-business/economic-indicators, Fox-business/politics, MARCY GORDON, Fox-business/features, 4b7d314a-2b47-5c86-a44c-73f8c598e339


Fed's Powell testifies to House panel as new members join debate

U.S. Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday to testify before the House Financial Services Committee, expected to repeat the testimony delivered to a Senate panel on Tuesday but likely to face a different slate of questions from the Democrat-led group.
Tags: Money, Senate, businessNews, House, Capitol Hill, Fed, Powell, U S Federal Reserve, House Financial Services Committee, Jerome Powell




Fed’s Powell predicts solid, slower growth in 2019 with some risks ahead

By Martin Crutsinger, The Associated Press Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warned of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. In delivering the Fed’s semiannual monetary report to Congress, Powell said the Fed will be “patient” in determining when to boost its benchmark policy rate in light of the v...
Tags: Europe, Congress, Senate, China, Sport, European Union, Soccer, United States, Donald Trump, Fed, The Fed, Powell, Capital Economics, House Financial Services Committee, Brexit Britain, Jerome Powell


U.S. banks weigh whether to embrace or avoid progressive firebrand Ocasio-Cortez

Barely a month into the new Congress, financial lobbyists in Washington are already strategizing how to handle the star power of rookie Democrat lawmaker Alexandria Ocasio-Cortez. The Democratic Socialist and Wall Street critic joined the 60-member House Financial Services Committee in mid-January and more than a dozen lobbyists interviewed by Reuters say the 29-year-old activist and former bartender is too high-profile to ignore. Richard Hunt, chief executive of the Consumer Bankers Associati...
Tags: News, Congress, Washington, Wall Street, Reuters, House Financial Services Committee, Richard Hunt, Alexandria Ocasio Cortez, Ocasio Cortez, Consumer Bankers Association


United States: House Financial Services Committee Passes Bill To Crack Down On Illicit FinTech Activities - Cadwalader, Wickersham & Taft LLP

The purpose of the Act is to fight the illicit use of digital currencies, including in terrorist financing.
Tags: News, United States, House Financial Services Committee, Cadwalader Wickersham, Taft LLP


Trump Org Sought Deutsche Bank Loan During 2016 Campaign

The Trump Organization sought a loan from Deutsche Bank during the 2016 campaign, before being rejected in part because the bank was unsure where the money would go, the New York Times reported this weekend. The Trump Org asked Deutsche Bank to increase a preexisting loan it had out to a Florida golf resort in March 2016 in order to finance work at a Scottish property. The lender reportedly declined the request amid concerns from Deutsche Bank executives that Trump’s candidacy made the loan a...
Tags: Florida, News, Russia, Ukraine, Frankfurt, New York Times, Deutsche Bank, Wall Street Journal, Trump, Michael Cohen, VTB, House Financial Services Committee, Schiff, Trump Organization, Alfa Bank, Felix Sater


Maxine Waters: Nancy Pelosi Brought Trump "To His Knees"

Rep. Maxine Waters says what many are afraid to say about Donald Trump, continually calling him out for corruption and unfitness for office, and lobbying for his impeachment. Now that she's the chair of the powerful House Financial Services Committee, she has the power to subpoena Trump's bank records and take a good hard look at his finances — and she's promised to do just that.With the Democrats now in control of the House and new, progressive colleagues who are just as enthusiastic to take T...
Tags: Fashion, Music, Congress, California, Boston, America, Cnn, United States, Commerce, House, Nancy Pelosi, Donald Trump, Black, Bernie Sanders, Trump, State Of The Union


Fannie-Freddie Release Plan Draws Scrutiny From Democrats

The scrutiny from House Financial Services Committee Chairwoman Maxine Waters and Senator Sherrod Brown, the top Democrat on the Senate Banking Committee, follows statements from a President Donald Trump-appointed regulator about ending the mortgage giants’ decade-long conservatorships. Joseph Otting, the acting head of the companies’ regulator, told Federal Housing Finance Agency staff at a private meeting last week that Treasury and the White House will soon release a proposal.
Tags: News, White House, Treasury, Donald Trump, Maxine Waters, House Financial Services Committee, Sherrod Brown, Federal Housing Finance Agency, Senate Banking Committee, Joseph Otting, Fannie Freddie Release


United States: House Financial Services Committee Chair Maxine Waters Introduces Bill To Study Rule 10b5-1 Trading Plans - Cadwalader, Wickersham & Taft LLP

Financial Services Committee Chair Representative Maxine Waters (D-CA) introduced a bill to require that the SEC conduct a study on the operation of Rule 10b5-1 plans
Tags: News, United States, SEC, House Financial Services Committee, Cadwalader Wickersham, Taft LLP


United States: Democratic Steering And Policy Committee Names New Members To Financial Services Committee - Cadwalader, Wickersham & Taft LLP

The House Democratic Steering and Policy Committee named new members to the House Financial Services Committee in the 116th Congress.
Tags: News, United States, House Financial Services Committee, House Democratic Steering and Policy Committee, Taft LLP


House Democrats to Seek Testimony From Wall Street CEOs, Sources Say

The chief executive officers of Goldman Sachs Group Inc., Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley and Bank of America Corp. could be asked to testify before the House Financial Services Committee, according to people familiar with the discussions.
Tags: News, House, Bank of America Corp, House Financial Services Committee


Ocasio-Cortez Takes Shot at Banks in Embracing Committee Role

The progressive firebrand, who isn’t yet officially a member of the House Financial Services Committee, took to Twitter Wednesday to send a number of missives arguing that the era of banks using campaign contributions to buy legislative favors is coming to an end.
Tags: News, House Financial Services Committee, Ocasio Cortez


Alexandria Ocasio-Cortez secures seat on powerful House Financial Services Committee

Rep. Alexandria Ocasio-Cortez has secured a seat on the House Financial Services Committee, giving the freshman New York Democrat whose sizable political influence was built in large part on her populist progressive economic message a voice on the powerful oversight panel.
Tags: Cnn, House Financial Services Committee, New York Democrat, Alexandria Ocasio Cortez


Ocasio-Cortez secures seat on House panel that oversees financial sector

Rep. Alexandria Ocasio-Cortez has secured a seat on the House Financial Services Committee, giving the freshman New York Democrat whose sizable political influence was built in large part on her populist progressive economic message a voice on the powerful oversight panel.
Tags: Cnn, House, House Financial Services Committee, New York Democrat, Alexandria Ocasio Cortez, Ocasio Cortez


Ocasio-Cortez Poised to Join Panel Overseeing Wall Street

The New York lawmaker, who has become a sensation among progressives, will almost certainly join the House Financial Services Committee after a group of fellow Democrats on the party’s steering committee voted to recommend her for the panel on Tuesday, according to people familiar with the matter. Two other recently elected progressive Democrats, Rashida Tlaib of Michigan and Katie Porter of California, are also likely to join the panel, said the people said, who requested anonymity because the...
Tags: New York, News, California, Hawaii, Michigan, House Financial Services Committee, Tulsi Gabbard, Katie Porter, Rashida Tlaib, Ocasio Cortez


Will new mortgage regulators in D.C. keep your home safe?

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey:  Down 2 basis points from last week and, for the first time in four months, the 15-year fixed rate is under 4 percent, averaging 3.99 percent. The 30-year fixed rate improved to 4.55 percent, down 4 basis point from last week. The Mortgage Bankers Association reported an almost 10 percent drop in mortgage application volume from two weeks earlier...
Tags: Business, Obama, Housing, Washington, Senate, Sport, Soccer, Ohio, Donald Trump, Mike Pence, Freddie Mac, Fred, Calabria, FHA, Watt, LAYTON


Kraninger Sworn in at CFPB as Waters Decries Weakened Enforcement

After her confirmation last week in the United States Senate, Kathleen L. Kraninger was sworn in as the new, full-time director of the Consumer Financial Protection Bureau (CFPB) on Monday afternoon. She made her “media debut” on Tuesday, answering questions from the press on her first full day on the job. Meanwhile, California Congresswoman Maxine Waters (D-CA) – currently the ranking member of the Republican-controlled House Financial Services Committee – has been nominated to the position of ...
Tags: Congress, California, Washington, Finance, United States, House, Financial Services, CFPB, House Financial Services Committee, Consumer Financial Protection Bureau CFPB, Mick Mulvaney, Richard Cordray, Consumer Bureau, Kraninger, 116th Congress, Kathleen L Kraninger


'Auntie Maxine' Waters Gets Ready To Take On The Banks As House Panel Chair

California Rep. Maxine Waters has been a favorite target of President Trump and his supporters. Now she's in line to chair the House Financial Services Committee, where she could slow his agenda.(Image credit: Jacquelyn Martin/AP)
Tags: News, California, Trump, Maxine Waters, House Financial Services Committee


Maxine Waters, As Head of Financial Services, Could Subpoena Donald Trump’s Tax Returns

For the first time since being elected president in 2016, Donald Trump will be forced to work with a Congress that the Democrats control.The Democrats won a majority in the U.S. House of Representatives on Tuesday’s mid-term elections, and now talk has switched to the actions the party could take against President Trump.Not too long after that news was announced, posts quickly popped up on social media noting that one of Trump’s toughest critics—Democrat Maxine Waters—will likely be in charge of...
Tags: Politics, News, Congress, Democrats, House, Jazz, Donald Trump, Good News, Trump, Lipton, Maxine, Maxine Waters, House Financial Services Committee, U S House of Representatives, Financial Services Committee, Auntie Maxine


Banks could face tighter scrutiny under Rep. Maxine Waters

NEW YORK (AP) — Come January, the banking industry is going to be on Rep. Maxine Waters’ time. With Democrats taking control of the House of Representatives, the California Democrat is expected to become chairwoman of the powerful House Financial Services Committee, which oversees the nation’s banking system and its regulators. Waters is no friend […]
Tags: Business, New York, News, California, House Of Representatives, Maxine Waters, House Financial Services Committee, Rep Maxine Waters


Democrats retake House. Next move: Trump's tax returns

This photo via Donald J. Trump's Twitter account is the closest we've gotten to seeing his tax returns.  That could change, though, now that the House flipped to Democratic control in the midterm election. Even before it was official that Democrats had wrested House control from the GOP in yesterday's midterm elections, Donald J. Trump's taxes were once again a target. Votes were still being counted and, on the West Coast cast, when some on the House tax-writing committee announced that t...
Tags: Taxes, Supreme Court, Congress, Washington, Senate, White House, High Court, Gop, House, New York Times, New Jersey, Capitol Hill, West Coast, Donald Trump, Irs, Tea Party