On May 1, 2024, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), revealed plans for an upcoming hearing focusing on critical national security and illicit finance issues. The hearing, titled "Mission Critical: Restoring National Security as the Focus of Defense Production Act Reauthorization, Part II," is scheduled to take place at 2:00 PM ET on Wednesday, May 8, 2024, at the 2128 Rayburn House Office Building.According to the announcement, the hearing will delve into key matters concerning national security, illicit finance, and...
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), has announced an upcoming hearing titled "SEC Enforcement: Balancing Deterrence with Due Process." The hearing is scheduled to take place at 10:00 AM ET on Tuesday, May 7, 2024, at the 2128 Rayburn House Office Building.According to McHenry, the focus of the hearing will be on finding the right balance between deterrence and due process in SEC enforcement. The Chairman emphasized the importance of ensuring fairness and justice in the regulatory actions of the Securities and Exchange...
Bill Himpler, president of the American Financial Services Association (AFSA) joined the American Legal Record Podcast to discuss AFSA’s mission, a macro look at the state of credit, mortgage borrowing, its relationship to the Consumer Financial Protection Bureau (CFPB), the regulatory environment, and what lies ahead re interest rates.
Tirzah Duren, the vice president of policy and research at the American Consumer Institute (ACI), said the Consumer Financial Protection Bureau’s (CFPB) recently proposed rules on “junk fees” would harm consumers.
The Financial Services Committee, led by Chairman Patrick McHenry (R-NC), conducted a markup of seven new pieces of legislation and six Congressional Review Acts (CRA) at an April meeting.
U.S. Rep. Blaine Luetkemeyer (R-Mo.) introduced the Regulatory Transparency for Small Businesses Act, a bill to require any proposed regulation from federal agencies to estimate the number of small businesses that would be impacted by the regulation.
Borrower engagement is crucial for maintaining healthy financial relationships and ensuring timely bill payments. According to a recent announcement, James Price, Vice President, Sales at Repay, will be hosting a webinar on Thursday, May 2nd at 2:00 p.m. EST to discuss strategies for enhancing borrower engagement in the context of bill payment methods. During the webinar, Price aims to educate businesses on how to effectively engage borrowers and streamline the bill payment process. As Price states, "Join James Price, Vice President, Sales at Repay, on Thursday, May 2nd...
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), has revealed plans for an upcoming hearing focused on the merger policies of the Federal Banking Agencies. The event, titled “Financial Institutions and Monetary Policy Subcommittee Hearing Entitled: Merger Policies of the Federal Banking Agencies,” is scheduled to take place at 10:00 AM ET on Wednesday, May 1, 2024, at the 2128 Rayburn House Office Building.In a statement, McHenry highlighted the importance of addressing the merger policies within the banking sector, indicating the...
The American Consumer Institute (ACI) announced their support for U.S. Rep. Andy Barr’s (R-Ky.) proposed Congressional Review Act (CRA) resolution to overturn the Consumer Financial Protection Bureau’s (CFPB) limit on late fees on credit cards.