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News Now

Washington
Fed, Dodd-Frank Hearings on Early House Financial Services Agenda
WASHINGTON (1/3/13)--The Federal Reserve's current Quantitative Easing program, the Dodd-Frank Act's Qualified Mortgage (QM) rule and the Volckler rule are among the items on the early-year House Financial Services Committee agenda.
 
Quantitative easing's impact on international finance will be discussed at a Jan. 9 House Financial Services monetary policy and trade subcommittee hearing. Other hearings announced Thursday include:
  • A Jan. 14 House Financial Services subcommittee on financial institutions and consumer credit hearing on how new QM rules could impact homebuyers;
  • A Jan. 15 full Financial Services Committee hearing on the unintended consequences and impact of the Volcker Rule; and
  • A Jan. 28 Financial Services Committee update from Consumer Financial Protection Bureau Director Richard Cordray.
The hearing schedule is tentative. All hearings are scheduled to be held in Room 2128 of the Rayburn House Office Building.

The Senate Banking Committee has also set a Jan. 8 hearing, and committeee members are asking leadership to hold a hearing on data security issues. (See News Now story: Senators Push for Consumer Data Security Hearing.)


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