Topic: U.S. House Committee On Financial Services

Corzine to make remarks to panel on MF Global

(Reuters) - Former MF Global chief Jon Corzine plans to deliver opening remarks when he appears before a congressional panel on Thursday, according to people familiar with the matter.The situation is still fluid. It is not yet clear if he will at ...

Bipartisan support grows for capital-raising bills

WASHINGTON (Reuters) - Federal lawmakers expressed bipartisan support on Wednesday for several legislative proposals to ease regulatory burdens for small companies struggling to raise capital in the face of a battered economy.At a hearing before a House Financial Services panel, Democrats and ...

FINANCIAL INSTITUTIONS MAY NOT HAVE TO POLICE GAMBLING

The article focuses on the legislation introduced by Massachusetts Representative Barney Frank, chairman of the U.S. House Financial Services Committee, that could spare financial institutions from new procedures to block unlawful Internet gambling payments. Among the security problems most worrisome to sur- ...

Comparison of e-reader prices

The top Republican on the U.S. House of Representatives Financial Services Committee beat back a challenge and kept his post on the panel on Wednesday. Alabama Rep. Spencer Bachus will be the ranking Republican on the committee -- which oversees banks, financial ...
In light of renewed discussions about a Consumer Protection Agency and the ongoing disputes between US House Financial Services Committee Chairman Barney Frank and members of the senate, let us revisit an earlier article by the New York Times (Struggling Over a ...

Credit card usury bill coming soon in House

WASHINGTON (Reuters) - Several congressional Democrats said on Wednesday they plan to introduce legislation next week to cap credit card interest rates.With unemployment and Wall Street bonuses incongruously rising together, the chairman of the House Rules Committee said she will offer a ...
The leading sellers of derivatives are an exclusive club of five very large financial institutions--Citigroup (C), JPMorgan Chase (JPM), Bank of America (BAC), Morgan Stanley (MS) and Goldman Sachs (GS)--that hold 95% of the derivatives exposure among the largest banks (the total ...

Congressional panel backs new rules for hedge funds

WASHINGTON (Reuters) - U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.The House Financial Services Committee voted 67-1 to require advisers to ...

House panel approves new OTC derivatives rules

WASHINGTON (Reuters) - New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key congressional committee on Thursday in a win for the Obama administration.The House of Representatives Financial Services Committee voted largely on party lines in favor ...

U.S. won't list systemically key firms: Geithner

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said in testimony prepared for delivery on Wednesday that the United States would not identify in advance financial firms that it views as systemically important. "Crucially under our proposals, there will be no fixed list ...
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