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Tag Archives: House Financial Services Committee

Congressional Hearings to Cover Economy, Monetary Policy, and Agencies’ Activities

On Wednesday, July 15, the House Financial Services Committee will receive the testimony of Fed Chair Janet Yellen in a full Committee hearing titled "Monetary Policy and the State of the Economy." Chair Yellen will update the Committee on the progress of the economy toward meeting the four benchmarks for the economy as set by the Full Employment and Balanced Growth Act (Humphrey Hawkins) Act of 1978.

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Witnesses at House Committee Hearing Testify of Dodd-Frank’s Adverse Effects

The hearing, titled "Dodd-Frank Five Years Later: Are We More Stable?" was the first in a series of three full Committee hearings to examine the impact Dodd-Frank has had on American consumers and the country's financial system and economy since President Obama signed it in to law in July 2010. The focus of Thursday's hearing was on how the 400 new regulations enacted in the 2,300-page law is a threat to the country's financial stability.

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House Committee Schedules Hearings Marking Anniversary of Dodd-Frank

The first hearing, titled "Dodd-Frank Five Years Later: Are We More Stable?" will begin Thursday, July 9, at 10 a.m. Eastern time. The second hearing, titled "Dodd-Frank Five Years Later: Are We More Prosperous?" is scheduled for July 28. The date of the third hearing in the series, titled "Dodd-Frank Five Years Later: Are We More Free?" will be announced later, according to the Committee.

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Key Takeaways From CFPB Whistleblower Hearing in House Subcommittee

Witnesses who testified at the hearing were Robert Cauldwell, President of the National Treasury Employees Union Chapter 335 and CFPB Examiner, and Florine Williams, Senior Equal Employment Specialist of the CFPB's Office of Civil Rights. Cauldwell went as far as to say the word "allegations" should be removed from the title of the hearing, because "discrimination and retaliation against CFPB employees is a fact."

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House Subcommittee to Examine New Allegations of Discrimination and Retaliation at CFPB

The Oversight and Investigations Subcommittee of the House Financial Services Committee will hold a hearing this week as part of a continued investigation of allegations that the Consumer Financial Protection Bureau (CFPB) discriminated against employees and subsequently retaliated against the whistleblowers, according to an announcement on the House Financial Services Committee website.

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Five Takeaways from Treasury Secretary Jack Lew’s Testimony Before Congress

During his testimony this week before the full House Financial Services Committee, U.S. Department of Treasury Secretary Jack Lew stated when asked about GSEs and the conservatorship that the system should be restructured, but the time was not right for the conservatorship to end. Lew was testifying before the House Financial Services Committee on the 2015 Annual Report of the Financial Stability Oversight Council (FSOC).

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HUD Secretary Castro Touts Success of Department’s Programs at Congressional Hearing

During his five-minute allotted period for questioning, Hensarling asked the Secretary for statistical evidence that HUD was achieving its original goal of eliminating poverty. Castro responded with the 33 percent drop in veteran homelessness and HUD's Jobs Plus Initiative, where he said individuals who go through program tend to earn 14 percent more than individuals who do not.

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