Toledo Blade (Ohio) Editorial – What now for jobs bill? Senate Republicans displayed their interest in economic recovery again this week by blocking a vote or even debate on President Obama’s jobs bill. The GOP agenda is clear: Deny Mr. … Continue reading
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Posted in Economic News, In the News
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The House is currently debating the Dodd-Frank Wall Street Reform and Consumer Protect Act–putting consumers first and ending the era of taxpayer-funded bailouts and too-big-to-fail institutions. In an interview published yesterday, House Republican Leader John Boehner criticized the reform bill … Continue reading
Tonight, the House begins consideration of HR 4173, the Wall Street Reform and Consumer Protection Act. This comprehensive financial regulation reform bill will enact common-sense reforms including ending bailouts by helping ensure taxpayers are never again on the hook for … Continue reading
America's Affordable Health Choices Act takes a number of steps to ensure that when Americans face a health crisis, they don't also face a financial crisis. Yesterday, Speaker Pelosi and Reps. Xavier Becerra, Donna Edwards, Rosa DeLauro, and Mary Jo … Continue reading
Today, the House passed the Mortgage Reform and Anti-Predatory Lending Act (H.R. 1728) by a vote of 300-114. This legislation responds to the subprime mortgage crisis by instituting much needed reform — stopping the kinds of predatory and irresponsible mortgage … Continue reading
Posted in Consumer Protections, Financial Reform, Oversight
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This afternoon, the House Financial Services Committee passed the Credit Cardholders' Bill of Rights (H.R. 627) by a vote of 48 to 19. The Credit Cardholders' Bill of Rights provides crucial protections against unfair, but unfortunately common, credit card practices. … Continue reading
Posted in Consumer Protections, Oversight
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Today, House Judiciary Committee Chairman John Conyers and Subcommittee Chairs Scott and Sánchez requested information and documents from the Department of Justice and Federal Bureau of Investigation regarding their investigation into mortgage fraud stating, “a national crisis requires a national … Continue reading
Today, the Oversight Committee is holding a hearing examining the actions of the three largest credit rating agencies (Standard & Poor's, Moody's Corporation, and Fitch Ratings) leading up to the current financial crisis. ABC News reports: The top dogs of … Continue reading
Posted in Consumer Protections, Oversight, What's Happening
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Today, the Oversight Committee is holding a hearing to examine the regulatory mistakes and financial excesses that led to government bailout of AIG. Watch the live webcast >> Watch Chairman Waxman’s opening statement: Transcript: Today we are holding our second … Continue reading
Today, the Oversight Committee is holding a hearing to examine the regulatory mistakes and financial excesses that led to the bankruptcy filing by Lehman Brothers. Watch the live webcast>> Read prepared testimony from invited witnesses: Dr. Luigi Zingales, Professor of … Continue reading