Videos

The House Financial Services Committee heard testimony on a bill to eliminate systemic risk and provide for prudential banking overhaul. The proposed legislation would give federal…

The Securities and Exchange Commission held a meeting on government oversight of credit rating agencies. Among the topics of discussion were accountability and disciplinary action, over-reliance on credit agencies, and…

Banking and financial experts testified about investor protection and the regulation of securities markets. They focused on the modernization of the entire financial regulatory system as…

Witnesses from the financial industry and consumer advocates testified about the Mortgage Lending Act, H.R. 3915, which sets a minimum standard for borrowers' ability to repay mortgage loans. It contains consumer…

The House Financial Services Committee held a hearing titled “Legislative and Regulatory Options for Minimizing and Mitigating Mortgage Foreclosures.” Witnesses testified about the President’s…

All five members of the Securities and Exchange Commission testified about the protection of investors and market oversight. Topics included sub-prime mortgages, the effects of the…

Witnesses testified about the future of federal consumer protection in the financial services sector in light of recent regulatory and judicial actions affecting the application of state…

Mr. Lockhart reviewed the final report by the Office of Federal Housing Enterprise Oversight on the accounting irregularities at Fannie Mae home mortgage corporation. Topics included the…

Director Falcon testified about the Office of Federal Housing Enterprise Oversight supplemental agreement with the Fannie Mae board of directors. He answered questions about his interim…

Members of the Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises heard testimony and questioned the Securities and Exchange Commission’s…

Witnesses testified before the committee about accounting irregularities at Fannie Mae. Representatives from the mortgage company asserted that the irregularities are attributable to a good-faith effort to apply…

Mr. Greenspan testified about a semi-annual report on U.S. monetary policy, the state of the economy, and budget shortfalls. In his remarks he called for spending cuts to offset tax cuts…

Witnesses testified about mutual fund trading practices and charges of abuse and fraud in the industry. Among the issues they addressed were the practice of late and stale trading, the…

Witnesses testified before the Senate Government Affairs Subcommittee about allegations of criminal activity by mutual fund managers involving illegal trading practices such as late trading…

Interim Chairman of the New York Stock Exchange, John Reed, testified about America’s capital marketplace structure, focusing on operations, corporate governance, and oversight at the New York…

The secretaries of the Department of the Treasury and the Department of Housing and Urban Development testified about the regulation of government-sponsored enterprises. Problems in such…

Witnesses testified about the Corporate and Auditing Accountability Responsibility and Transparency Act designed to ensure adequate and accurate checks on corporate financial records. Among…

Witnesses testified about the decision to file for bankruptcy by the Global Crossings corporation, the state of the telecommunications industry, the impact of a weak economy on the computer…

Chairman Greenspan reported on the state of the U.S. economy.

Following a period of committee business in which members debated whether to swear in all witnesses, Mr. Pitt testified under oath about investigations into the financial collapse of Enron…