Dodd-Frank Financial Regulations
Witnesses testified on the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the financial services industry, consumers, and American competitiveness since its enac…
2,051 viewsWitnesses testified on the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the financial services industry, consumers, and American competitiveness since its enac…
2,051 viewsRichard Cordray gave his semi-annual report to Congress of the Consumer Financial Protection Bureau (CFPB). In his testimony he said that the CFPB would draft a proposal to address a provisi…
431 viewsBusiness owners and leaders testified about the effects of the Dodd-Frank financial regulation law on families, communities, and small businesses.
499 viewsTreasury Secretary Geithner testified on the annual report of the Financial Stability Oversight Council (FSOC), created by the Dodd-Frank financial regulations law to monitor excessive risk …
3,014 viewsFederal Reserve Chair Ben Bernanke testified about the Federal Reserve Board’s semiannual report on monetary policy. In his remarks he said the U.S. would not slip back into recession, unles…
4,346 viewsJamie Dimon testified on JPMorgan Chase’s $2 billion trading loss on May 10, 2012 He apologized for the trading losses, but he stressed that no taxpayer money was lost and that the bank rema…
6,519 viewsFederal regulators testified on JPMorgan Chase’s $2 billion trading loss on May 10, 2012, and business practices in the banking industry. Among the topics addressed were risk management prac…
1,285 viewsRepresentatives Kevin Brady (R-TX) and Barney Frank (D-MA) testified on their differing legislative proposals to reform the Federal Reserve System. Representative Brady’s version included ge…
6,705 viewsThe House Committee Financial Services Oversight and Investigations Subcommittee held a hearing on the bankruptcy of financial firm MF Global. Former Governor Jon Corzine (D-NJ) denied ever …
1,412 viewsTreasury Secretary Geithner testified on the state of the international financial system. Among the topics addresses were the European sovereign debt crisis, the United States exposure and r…
400 viewsRichard Cordray outlined a number of new rules and initiatives under consideration at the new Consumer Financial Protection Board (CFPB). He said the CFPB would try to craft universal mortga…
314 viewsBen Bernanke testified on the U.S. economic outlook for the year and the future of economic growth. Topics included inflation and unemployment, reform of Social Security and Medicare, and bu…
6,884 viewsFinancial regulators testified on implementing the Volcker Rule, which prevents federally insured institutions from investing in hedge and private equity funds. The rule was part of the 2010…
536 viewsThe House Financial Services Committee held a hearing on allegations that some members of Congress have enriched themselves through legal stock trades based on non-public information. Witnes…
562 viewsCommittee members voted 52 to 4 to block over $12 million in executive bonuses at government backed mortgage companies Fannie Mae and Freddie Mac. The bonuses were approved by the Federal Ho…
258 viewsEdward DeMarco testified about purposed changes to the secondary mortgage market and proposed legislation establishing a new market that would replace Fannie Mae and Freddie Mac. Among the i…
330 viewsRaj Date, special adviser to the Treasury Department for the Consumer Financial Protection Bureau (CFPB), testified the agency’s accomplishments in its first 100 days. Committee Chairman Spe…
337 viewsTreasury Secretary Timothy Geithner testified on the U.S. economy and financial stability. Among the topics addressed were mortgage refinancing, banking regulations, the work of the Financia…
670 viewsOfficials testified about Securities and Exchange Commission (SEC) operations and proposed regulatory changes. Among the topics they addressed were the role of credit rating agencies in the …
457 viewsThe House Financial Services Committee held a hearing titled “Fixing the Watchdog: Legislative Proposals to Improve and Enhance the Securities and Exchange Commission.” Members made opening …
343 views