Congressional Hearings

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Waters says farewell with committee review

Posted Date: Monday, January 2, 2023

Rep. Maxine Waters (D-Calif.) said farewell as chair of the House Committee on Financial Services with a report of what was achieved during her four years of leadership.

Among the highlights are the creation of the Diversity and Inclusion Subcommittee, hearings related to the housing crisis, and bill provisions ensuring assistance for consumers during the COVID-19 pandemic.

Read on for more details.

Congressional Hearings

Chopra answers committee questions at CFPB semi-annual report

Posted Date: Thursday, December 22, 2022

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra fielded questions related to the bureau’s semi-annual report from the U.S. House Committee on Financial Services, the committee’s last hearing this Congress.

Topics discussed included the CFPB’s funding structure, §1071 rulemaking, and the bureau’s issuance of guidance documents.

Read on for more details.

Congressional Hearings

Financial Services hears semi-annual report from CFPB

Posted Date: Monday, December 19, 2022

In a five-hour hearing, Consumer Financial Protection Bureau Director Rohit Chopra delivered the bureau’s semi-annual report to the U.S. House Committee on Financial Services.

In his opening statement, Chopra addressed the current state of the economy and household finance, promoted competition and a decentralized market, and shared what he thinks Congress needs to address in the coming session.

Read on for more details.

Congressional Hearings

Housing supply emerges as theme during House committee hearing

Posted Date: Thursday, December 8, 2022

In a follow-up to RESPA News’ coverage of the House Committee on Financial Services’ hearing titled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation,” representatives and witnesses discussed what can be done to combat inflation, particularly in the housing market.

After witnesses made their opening statements, the floor was opened up to committee members to ask questions and seek policy recommendations.

Read on to learn more about the hearing.

Congressional Hearings

House committee hears testimony on combating inflation in housing market

Posted Date: Monday, December 5, 2022

In a hearing in front of the entire House Committee on Financial Services, representatives and witnesses discussed what can be done to combat inflation, particularly in the housing market.

The conversation mostly considered how to balance policies to address both housing supply and demand, with criticisms of the administration’s focus on policies related to the demand without addressing issues with supplies.

Read on for more details.

Congressional Hearings

House subcommittee discusses persistent poverty in America

Posted Date: Thursday, November 17, 2022

In a subcommittee hearing titled, “Persistent Poverty in America: Addressing Chronic Divestment in Colonias, the Southern Black Belt, and the U.S. Territories,” representatives from the U.S. House Committee on Financial Services and witnesses discussed the issues impacting some of the poorest areas in the nation and how they can be addressed.

The key words at the hearing: homeownership and affordable housing.

Read on for more details.

Congressional Hearings

Democrats urge changes to CRA

Posted Date: Monday, August 15, 2022

Nearly 80 democratic members of the U.S. House of Representatives sent a letter to several federal agencies urging them to consider the concerns of civil rights and community groups as well as other stakeholders as they modernize the Community Reinvestment Act.

The letter was sent to the leaders of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., and Office of the Comptroller of the Currency.

Read on to learn more.

Congressional Hearings

FHFA director testifies before Congress

Posted Date: Thursday, July 21, 2022

Recently confirmed Federal Housing Finance Agency Director Sandra Thompson outlined the agency’s priorities during testimony before the House Committee on Financial Services.

During her appearance, Thompson discussed the state of the housing market, including comparison with the Great Recession; the health of Fannie Mae and Freddie Mac; providing liquidity to underserved areas and housing supply and affordability.

Read on to learn more.

Congressional Hearings

Chopra testifies before Congress on new enforcement goals

Posted Date: Monday, May 2, 2022

Consumer Financial Protection Bureau Director Rohit Chopra said he plans to refocus enforcement on repeat offenders and big-industry players. Chopra appeared last week before the Senate Banking Committee and House Financial Services Committee for the agency’s semi-annual report to Congress.

Congressional Hearings

Chopra testifies before Congress on mortgage servicing, consumer protection

Posted Date: Friday, October 29, 2021

Rohit Chopra made his first public appearances since being sworn in as the Consumer Financial Protection Bureau’s new director. In testimony before the Senate Banking Committee, Chopra discussed current economic conditions, market monitoring and the path forward.

Congressional Hearings

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