Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Two Housing Finance Hearings Anchor Washington Week
WASHINGTON (11/19/13)--Housing finance reform will again be a hot topic as the U.S. Congress meets before the Thanksgiving holiday break.

Today's hearing, entitled "Housing Finance Reform: Fundamentals of Transferring Credit Risk in a Future Housing Finance System," will feature testimony from Federal Housing Finance Agency (FHFA), Freddie Mac, and Fannie Mae representatives, among others.

The powers and structure of a strong regulator will be examined in the second Senate Banking Committee housing hearing of the week. FHFA General Counsel Alfred Pollard, Federal Deposit Insurance Corp. Division of Insurance and Research Director Diane Ellis and Arizona Department of Insurance Assistant Director Kurt Regner, CFE, are among those scheduled to speak at the Thursday, Nov. 21 hearing.

The Senate Banking Committee is holding weekly hearings on the topic with the hopes of crafting plans for a future housing finance market. The ranking committee Republican, Rep. Mike Crapo (Idaho), recently said a bill could be marked up soon.

The House Financial Services Committee has also scheduled a Wednesday markup of pending legislation related to the Consumer Financial Protection Bureau.

Other hearings scheduled this week include:
  • A Tuesday House Financial Services oversight and investigations subcommittee hearing entitled "A General Overview of Disparate Impact Theory";
  • A Tuesday House Financial Services housing and insurance subcommittee hearing entitled "Implementation of the Biggert-Waters Flood Insurance Act of 2012: Protecting Taxpayers and Homeowners"; and
  • A joint Senate Banking subcommittee hearing entitled "The Present and Future Impact of Virtual Currency."
On Thursday, the House Financial Services capital markets and government sponsored enterprises subcommittee has scheduled a hearing on the Restoring Main Street Investor Protection and Confidence Act (H.R. 3482).


RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
10 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
13 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
14 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
15 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
15 hours ago