Legislative Activity House To Consider Amending Flood Insurance Bill This Wednesday, February 26, and for the duration of the week, the House will consider amending the Homeowner Flood Insurance Affordability Act under suspension of the rules. The legislation would scale back flood insurance rate increases. According to Majority Leader Eric Cantor (R-VA), “the House will … Continue Reading
Legislative Activity Congress Examines A Series of Regulatory Reports Last week, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing to explore the annual report and oversight of the Department of Treasury’s Office of Financial Research (OFR) and the House Financial Services Committee probed Consumer Financial Protection Bureau (CFPB) Director Richard Cordray … Continue Reading
Legislative Activity Over One Hundred Congressmen Ask for New Mortgage Rules to be Delayed On November 5, 118 House members, including 112 Republicans and six Democrats, sent a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray asking for the CFPB to extend the effective date of the qualified mortgage (QM) rules an additional … Continue Reading
Legislative Activity Upcoming Hearings: Wednesday, October 30: A hearing and business meeting in the Senate Health, Education, Labor and Pensions (HELP) Committee to mark up legislation (including H.R. 2094, the School Access to Emergency Epinephrine Act) and review Department of Education nominations has been postponed until October 30. This is the second time the hearing … Continue Reading
Legislative Activity This Week’s Hearings: Tuesday, September 10: The Senate Banking Committee will hold a hearing on the nominations of Ms. Wanda Felton to be First Vice President of the Export-Import Bank of the United States and Ms. Katherine M. O’Regan to be an Assistant Secretary of the Department of Housing and Urban Development. Tuesday, … Continue Reading
Legislative Activity Senate Banking Committee Approves SEC, FHFA, CEA, and NCUA Nominees On July 18, the Senate Banking committee approved via voice vote the nominations of Ms. Kara Stein and Dr. Michael Piwowar to be Commissioners of Securities and Exchange Commission (SEC), of Mr. Richard Metsger to be a Member of the National Credit Union … Continue Reading
