Executives from Southern California credit unions voiced their approval of a bill introduced Friday by Rep. Gary Miller that would establish a risk-based capital system.
CUNA Chief Economist Bill Hampel will be among panelists at a congressional discussion on plans to reform the secondary mortgage market.
Jerry Reed, chief lending officer from the $5.3 billion Alaska USA FCU, told lawmakers during a June 18 hearing on the Consumer Financial Protection Bureau’s qualified mortgage rule that products and product features were responsible for the mortgage market meltdown, not underwriting standards.
Trade lobbyist says member business lending cap would be too controversial to be in California congressman's bill expected to drop this week.
House Financial Services hearing features partisan back-and-forth over Fannie and Freddie.
From the Wall Street Journal to the activist blog Zero Hedge, economists and pundits have been actively debating this year whether or not a student loan asset bubble exists and if so, when it might pop.
Ever since Rep. Jeb Hensarling (R-Texas) and Rep. Maxine Waters (D-Calif.) were named the chairman and ranking member of the House Financial Services Committee late last year, Capitol Hill observers have waited for the two members of Congress and their polar opposite ideologies to clash publicly.
GOP Rep. Randy Neugebauer asks for speedy approval from banking industry regulators, sparking calls for caution from some insurers.
Rep. Maxine Waters says she'll invoke rules in response to House Financial Services Committee testimony ban by Texas Republican.
House Financial Services Committee chair says "there is no legally appointed director of the CFPB at this time."