Tag Archives: Financial Services Committee

House Committee on Oversight and Reform: CFPB a Threat to Credit Access

On December 14, 2012, the House of Representatives Committee on Oversight and Government Reform, Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs issued a scathing staff report entitled: The Consumer Financial Protection Bureau’s Threat to Credit Access in the United States. The report, from Committee Chair Darrell Issa and Subcommittee Chair Patrick McHenry, was a … Continue reading this entry

"Punk Staffers": Criticism or Compliment?

After Senator Chris Dodd revealed his new financial regulation package on Monday, Ronald Orol of Market Watch reported that House Minority Leader John Boehner told attendees at an American Bankers Association meeting not to “let those little punk staffers take advantage of you and stand up for yourselves.” Chairman of the House Committee on Financial Services, … Continue reading this entry

Barney Frank: The Credit CARD Act Is Working

Today — the first day that many of the key provisions of the Credit CARD Act go into effect — Representative Barney Frank, chair of the Financial Services Committee, issued a press release in which he claims the Act is working and credit card holders are reaping the benefits. In support of the claim, Rep. … Continue reading this entry

Barney Frank Fires Back At "Innaccuracies"

Representative Barney Frank, chair of the House Financial Services Committee (“FSC”), has issued a memorandum to the members of the FSC addressing certain issues raised by various news publications. The substance of the memorandum is as follows: Some inaccuracies have appeared in the press about institutions exempted from the reach of the Consumer Financial Protection … Continue reading this entry