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Washington
Mortgage Choice Act vote, CFPB transparency, currency costs hearings on House agenda
WASHINGTON (6/9/14)--The House returns from break this week, and House Financial Service Committee Chair Rep. Jeb Hensarling (R-Texas) has announced the hearing schedule for this week.
 
At 10 a.m. (ET) Tuesday, the full committee will mark up legislation aimed at bringing accountability and transparency to the Consumer Financial Protection Bureau, which includes: H.R. 3770, the CFPB Inspector General Act of 2013; H.R. 4262, the Bureau Advisory Commission Transparency Act; H.R. 4383, the Bureau of Consumer Financial Protection Small Business Advisory Board Act; H.R. 4539, the Bureau Research Transparency Act; H.R. 4604, the CFPB Data Collection Security Act; the Bureau Guidance Transparency Act; H.R. 3389, the CFPB Slush Fund Elimination Act; H.R. 4662, the Bureau Advisory Opinion Act and the Bureau Examination Fairness Act.
 
On Wednesday at 11:30 a.m., the Monetary Policy and Trade Subcommittee will hold a hearing to review issues related to production costs of U.S. circulating coins and currency. This will include a discussion on the usefulness of coins and currency in everyday business, and the way it is distributed and circulated through the economy.
 
Also on the House floor this week is H.R. 3211, the Mortgage Choice Act of 2013, a bill that is supported by the Credit Union National Association. The bill would amend the Truth in Lending Act to improve upon the definitions provided for points and fees in connection with a mortgage transaction.
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