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Richard C. Shelby


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    Fannie Mae and Freddie Mac Oversight

    Steve Linick testified at an oversight hearing on the Federal Housing Finance Agency (FHFA). He questioned FHFA’s decision to award over $35 million in executive bonuses at Fannie Mae and…

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    Senate Session

    The Senate convened and proceeded to executive session to consider Richard Cordray, of Ohio, to be Director, Bureau of Consumer Financial Protection.

    View in Congressional Chronicle443 views
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    Senate Republican Agenda

    Senate Republican leaders spoke to reporters about the nomination of Richard Cordray to head the new Consumer Financial Protection Bureau. More than 40 Senate Republicans opposed confirming…

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    Financial Regulations Bill Implementation

    Witnesses testified on the implementation of the 2010 financial regulations law. Witnesses also testified about the collapse and bankruptcy of MF Global under the leadership of Former New Jersey…

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    Fannie Mae and Freddie Mac Oversight

    Edward DeMarco testified about the operations and regulatory practices at the Federal Housing Finance Agency (FHFA). Among the topics addressed were different structures of Fannie Mae and Freddie…

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    Native American Economic Development

    Witnesses testified on the major economic struggles many Native communities face. They focused on the high unemployment rate, financial educations, and Native American Natural Foods (South…

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    Senate Session

    After a period of morning business, the Senate will resume consideration of the motion to proceed to H.R.674, the 3% Withholding Repeal and Job Creation Act.

    View in Congressional Chronicle173 views
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    Military Families and Consumer Protection Laws

    Military family advocates testified the financial hardships faced by military members and their families. Among the topics they addressed were predatory lending, foreclosures, current laws…

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    Future of Mortgage Financing

    Witnesses testified on the risks, benefits, and future of the 30-year fixed-rate mortgage. They also said that potential homebuyers and lenders must be educated on each loan option in order…

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    Senate Session

    The Senate voted on procedural motions to advance parts of President Obama’s jobs legislation.

    View in Congressional Chronicle799 views
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    Threats From Iran and Economic Sanctions

    Witnesses testified on Iran’s potential threats to the U.S. following allegations that high-ranking Iranian military officials plotted to assassinate the Saudi Arabian ambassador to the U.S. on…

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    Financial Stability Oversight Council Report

    Treasury Secretary Timothy Geithner testified on the U.S. economy and financial stability. Among the topics he addressed were the state of the economy and the operation of the Financial Stability…

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    Obama Administration Nominations

    The Senate Banking Housing and Urban Affairs Committee held a confirmation hearing for three of President Obama’s nominations: Alan B. Krueger to be a member of the Council of Economic…

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    Banking Nominations

    The Senate Banking, Housing and Urban Affairs Committee held a hearing on pending nominations. Ms. Patricia M. Loui and The Honorable Larry W. Walther were nominated to be members of the…

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    Financial Agencies Nominations

    The Senate Banking Committee heard testimony on the nominations of three financial regulators, including President Obama’s choices to head the Federal Deposit Insurance Corporation and to…

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    2010 Financial Regulations Law

    The Senate Banking Committee met to mark the one-year anniversary of President Obama signing the Dodd-Frank Financial Regulations Act in to law, and to look at the impact of that measure.…

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    Consumer Financial Protection

    Witnesses testified about the proposed work and structure of the new Consumer Financial Protection Bureau (CFPB) created as part of the Dodd-Frank financial regulations law. They talked…

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    U.S. Economic Outlook and Monetary Policy

    Federal Reserve Chair Ben Bernanke presented to the committee the Federal Reserve Board’s semiannual report on monetary policy. In his remarks he compared possible failure to raise the nation’s debt…

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    Credit Union Small Business Lending

    Witnesses testified about proposed legislation that would more than double the limit on small business lending by credit unions. Among the issues they addressed were the potential impact on…

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    Fiscal Year 2012 Defense Department Budget Request

    Secretary Gates and Admiral Mullen testified on the Defense Department’s fiscal year 2012 budget request. Among the topics they addressed were U.S. relations with Pakistan, the military…

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