Trend Results : Senate Banking Committee
Blog Post Results (1-20 of 1108)
FILTER RESULTS ►Another Day Older and Deeper in Debt
Last week in a narrow vote, the Pennsylvania Senate Banking and Insurance Committee approved Senate Bill 975, opening the door to thousands of predatory payday lenders to come to Pennsylvania and charge fees on short-term loans that equal an annual interest rate of over 300% on a typical two-week payday loan.
Rich Entrepreneur: The Wealthy Aren’t Job Creators, Middle-Class Workers Are
On Thursday, entrepreneur and self-described one percenter Nick Hanauer warned Congress that rich people like him aren’t the engines of the economy. In a testimony before the Senate Banking Committee, he explained why, in fact, middle-class workers are the economy’s real job creators: In the same way that it’s a fact that the sun, not [...]
Senate panel backs Hochberg for second term at Ex-Im Bank
WASHINGTON (Reuters) - The Senate Banking Committee voted 20-2 on Thursday to back Fred Hochberg for a second term as president of the U.S. Export-Import Bank, which provides financial assistance to support U.S. exports.
Senators Draft Plan to Abolish Fannie Mae, Shrink Backstop
As a serious bipartisan effort written by members of the Senate Banking Committee, the measure could restart the long-stalled debate over the future of the mortgage-finance system. Still, it represents only a first step in what is likely to be a long legislative process, and it's unclear how much support the authors will get from their colleagues.
Warren asks bullseye questions of Treasury Secretary Lew. Can we have 50 more like her, please?
Elizabeth Warren, who by Senate tradition ought to be a meek, eyes-down freshman, turned in another stellar performance Wednesday at a Banking Committee hearing with Treasury Secretary Jack Lew in the hot seat. Warren began by asking...Show More Summary
Watch: Sen. Warren Grills Jack Lew on Too Big to Fail Banks
At a Senate Banking Committee hearing Tuesday, the Massachusetts senator got the best of the Treasury secretary as she pressed him on whether the government should cap the size of big banks or break them up.
VIDEO: Elizabeth Warren Grills Treasury Secretary On Too Big To Fail
At a Senate banking committee hearing Tuesday, Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew on too-big-to-fail banks—financial institutions that are so large that their failure would endanger the entire financial...Show More Summary
Confirm Cordray Already!
The Senate confirmation vote on Richard Cordray this week won’t have much to do with Richard Cordray. As I wrote when the Senate Banking Committee considered the Cordray nomination back in March, nobody disputes the idea that the former...Show More Summary
Four Non-IRS Questions for Treasury Secretary Jack Lew
Treasury Secretary Jack Lew testifies before the Senate Banking committee Tuesday, and is bound to spend the majority of his time answering questions about the Internal Revenue Service’s targeting of right wing political groups for heightened scrutiny. Show More Summary
Sen. Warren Questions Regulators’ Willingness To Prosecute Wall Street Banks
Massachusetts Sen. Elizabeth Warren (D) isn’t letting regulators off the hook for their lack of prosecutions of Wall Street banks in the wake of the financial crisis. After using her initial Senate Banking Committee hearing to press regulators about whether big banks are “too big to trial,” Warren is doing so again — this time [...]
Senator urges quick action on Ex-Im nominee Hochberg
WASHINGTON (Reuters) - Senate Banking Committee Chairman Tim Johnson on Tuesday warned the U.S. Export-Import Bank could be forced to stop operations in two months unless the Senate quickly approves the nomination of Fred Hochberg as president of the g...
‘The Fox Is Guarding the Henhouse’
So says Senator Bob Corker (R., Tenn.), a member of the Senate Banking Committee, of President Obama’s nomination of Representative Mel Watt (D., N.C.) to head the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie...Show More Summary
Senator Warren Questions Consultants On Illegal Foreclosures
``COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER PROTECTION met in OPEN SESSION to conduct a hearing entitled "Outsourcing Accountability? Examining the Role of Independent Consultants". Show More Summary
Consumer Agency Chief Defends Data-Gathering
Consumer Financial Protection Bureau head Richard Cordray defended his agency's plan to collect financial data on 10 million consumers as necessary and appropriate in testimony today before the U.S. Senate Committee on Banking, Housing and Urban Affairs. The data, which...
Senator Max Baucus To Retire
Max Baucus of Montana is probably relieved not to face another election as a Democrat in a red state. Baucus, the chairman of the Senate Finance Committee, had nearly $5 million in the bank at the end of the first quarter but was expected to face a tough fight in his GOP-leaning home state. Democratic [...]
House chairman bars consumer bureau chief from testifying
WASHINGTON -- The head of the Consumer Financial Protection Bureau will deliver his semi-annual report to the Senate Banking Committee on Tuesday morning, but he's not welcome to do the same before a House panel.
Senator Warren Questions Consultants On Illegal Foreclosures
Financial Institutions and Consumer Protection April 11, 2013 COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER PROTECTION met in OPEN SESSION to conduct a hearing entitled “Outsourcing Accountability? Examining the Role of Independent Consultants”. Show More Summary
Elizabeth Warren Tears Into Federal Regulators For Shielding Big Banks
Sen. Elizabeth Warren (D-MA) embarrassed government regulators during a Senate Banking Committee hearing on Thursday morning as she demanded to know why they wouldn’t reveal how often big banks illegally foreclosed on homeowners. In January, regulators abandoned a case-by-case review of foreclosure fraud conducted by some of the nation’s largest banks in favor of a [...]
Shocking news: Wall Street wants Schumer instead of Brown in Banking chair
The idea of Chairman Sherrod Brown at the helm of the Senate Banking Committee is the only thing scarier to Wall Street than Sen. Elizabeth Warren sitting on that committee. For good reason; Brown has made it clear that too big to fail banks are simply just too big to exist. Show More Summary
Will Elizabeth Warren Be a Dragon Slayer or a Deal Maker?
On Valentine's Day, the Senate banking committee held a hearing with the nation's top financial regulators. As a junior member, freshman Democrat Elizabeth Warren had to cool her heels waiting for a turn. But when it came, she made better...Show More Summary
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