Financial regulators testified on the impact of regulations and hiring practices on women and minorities before the House Financial Services Subcommittee on Diversity and Inclusion. The…
499 viewsA House Financial Services subcommittee held a virtual hearing with financial regulators on their response efforts to the coronavirus pandemic. Witnesses included Federal Reserve Board…
207 viewsThe House Financial Services Committee heard from the five commissioners of the Securities and Exchange Commission (SEC), including Chair Jay Clayton, on the agency’s priorities. Topics included corporate…
902 viewsThe House Financial Services Committee held a hearing on Facebook’s plans for a new digital currency called “Libra.” David Marcus, the co-creator of Libra who heads the social media and…
4,546 viewsChief executives of the nation’s largest banks testified before the House Financial Services Committee about banking regulation a decade after the 2008 financial crisis. Questions focused…
7,079 viewsThe CEOs of the nation’s three credit reporting bureaus and five credit experts testified before the House Financial Services Committee on two proposed bills that would change federal…
2,284 viewsWells Fargo CEO Timothy Sloan testified at a hearing on his company’s business practices. He explained what he claimed were improvements Wells Fargo had made in its approach to customer…
10,873 viewsThe House Financial Services Committee held a hearing to consider legislation to protect mortgage borrowers and to reduce risks in the housing market. The ten witnesses included mortgage…
1,572 viewsHouse Financial Services Committee Ranking Member Maxine Waters (D-CA) talked about President Trump’s agenda on banking and financial issues, including Republican plans to roll back the…
1,528 viewsMinority Leader Nancy Pelosi (D-CA), Financial Services Committee Ranking Member Maxine Waters (D-CA), and other Democrats held a news conference on President Trump’s recent executive orders that…
2,410 viewsSecurities and Exchange Commission Chair Mary Jo White testified at an oversight hearing on the SEC’s operations and fiscal year 2018 budget request. She said she believes the financial…
917 viewsWells Fargo Chair and CEO John Stumpf appeared before the House Financial Services Committee apologizing for the sales practices of his company that involved the creation of an estimated 2…
27,066 viewsMary Jo White testified at a hearing on Securities and Exchange Commission (SEC) operations, as well as the commission’s fiscal year 2017 budget request. Republican committee members told…
511 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 enactment…
1,927 viewsWitnesses testified on the implementation of Title VII of the Dodd-Frank financial regulations law, which deals with over-the-counter derivatives and swaps market regulations. Commodity…
631 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 taking and…
2,949 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…
1,192 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…
458 viewsWitnesses testified about differences in financial regulatory approaches between the U.S. and other countries, and the effects of those disparities on U.S. companies and the economy at large. Topics…
280 viewsThe House-Senate Conference Committee on Financial Regulations legislation reconvened to make changes to the bill voted on the previous week. Senator Scott Brown indicated that he would not…
348 views