Videos

The Senate Banking Committee held a hearing on the nominations for Federal Reserve, Housing and Urban Development Department, and National Credit Union Administration positions.

Leaders of federal financial agencies testified on the status of the the rulemaking finalization process and reform policies included in the Dodd-Frank financial regulations law.

Janet Yellen presented to the committee the Federal Reserve Board’s semiannual report on monetary policy. She said the economy had improved but that the recovery was still not complete, and …

Richard Cordray gave his semi-annual report to Congress of the Consumer Financial Protection Bureau (CFPB). Mr. Cordray said that while building a new federal agency involves significant cha…

The Senate Banking, Housing, and Urban Affairs Committee held a hearing to consider several pending nominations, including Stanley Fischer, Jerome Powell and Lael Brainard to be members of t…

Richard Cordray gave his semi-annual report to Congress of the Consumer Financial Protection Bureau (CFPB). He focused on the agency’s efforts to craft new auto lending rules and addressed R…

Witnesses testified on the impact of a default on financial stability and economic growth in the U.S. In their remarks the outlined various scenarios should Congress allow a default and warn…

Financial regulators testified on ways to prevent catastrophic threats to financial markets. Securities and Exchange Commission (SEC) Chairman Mary Jo White and Commodity Futures Trading Com…

Ben Bernanke testified on the U.S. economic outlook for the year and the future of economic growth. He said that he can only recommend and not “threaten” Congress to take action to improve t…

Treasury Secretary Jack Lew testified on the recently approved Financial Stability Oversight Council’s (FSOC) annual report. In addition to questions about the FSOC report, Secretary Lew dis…

Richard Cordray outlined a number of developing rules and initiatives under consideration at his agency, the Consumer Financial Protection Board (CFPB). In his testimony he said the CFPB had…

Government regulators testified on the implementation of the 2010 Dodd-Frank financial regulations law. There was occassional applause, such as when Senator Warren said that she was concerne…

The Senate Banking Committee held a hearing on the nominations of Mary Jo White to become chair of the Securities and Exchange Commission (SEC). and Richard Cordray to continue leading the C…

Treasury Secretary Geithner testified on the recently approved Financial Stability Oversight Council’s (FSOC) annual report. In addition to questions about the FSOC report, senators also ask…

Federal Reserve Chair Ben Bernanke presented the Federal Reserve Board’s semiannual report on monetary policy. In his testimony he said the two main sources of risk to the economy were the E…

Witnesses testified about money market funds and proposed regulation of the financial industry. Mary Schapiro said money market funds posed a systemic risk to the financial system and theref…

Jamie Dimon testified on JPMorgan Chase’s $2 billion trading loss on May 10, 2012, and business practices in the banking industry. Among the issues he addressed were the bank bailouts follow…

The heads of federal financial oversight agencies testified on on the implementation of the 2010 Dodd-Frank financial regulations law, focusing on derivatives. They also focused on a $2 bill…

Witnesses testified on legislation that would expand the number of homeowners who can refinance and take advantage of record-low interest rates. The bill, co-sponsored by Senators Barbara Bo…

Mary Schapiro and Gary Gensler testified on the derivatives market and the ongoing implementation of the Dodd-Frank 2010 financial regulations law. Much of the hearing focused on JPMorgan Ch…