WASHINGTON – Congresswoman Carolyn B. Maloney (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets and GSEs, today released the following statement on the President’s Working Group on Financial Markets (PWG) report and analysis to Congress on terrorism risk insurance.
Rep. Maloney Urges Taxpayers to Watch Out for Scams, Will Develop Legislation to Crack Down on Unethical Preparers
NEW YORK – As Tax Day approaches, Congresswoman Carolyn B. Maloney (NY-12) is warning New Yorkers to be on the lookout for shady tax preparers that charge exorbitant fees, file fraudulent taxes and in some cases skip town with thousands in tax refunds bilked from unsuspecting taxpayers. The Congresswoman is developing legislation to crack down on the fraudsters.
WASHINGTON – Congresswoman Carolyn Maloney (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets and GSEs, today released the following statement on a bipartisan Senate bill to reauthorize the Terrorism Risk Insurance Act (TRIA). Maloney is the lead Democratic co-sponsor of the TRIA Reauthorization Act of 2013 (H.R. 508) to extend the Terrorism Risk Insurance Program for five years, through December 31, 2019.
WASHINGTON – A new report from Pew Charitable Trusts highlights the urgent need for the Overdraft Protection Act (H.R. 1261), a bill introduced by Congresswoman Carolyn Maloney (NY-12) to protect consumers from excessive overdraft fees. The new report shows that a quarter of the nation’s financial institutions allow consumers to overdraw their accounts using automatic teller machines and charge excessive fees as a penalty. Half of financial institutions will reorder a consumer’s transactions to unfairly generate multiple overdraft fees. Both problems would be addressed by Maloney’s Overdraft Protection Act.
WASHINGTON – Congresswoman Carolyn Maloney (D-NY), the Ranking House Democrat on the Joint Economic Committee, today led an hour of floor debate in opposition to the Republican budget plan proposed by House Budget Committee Chairman Paul Ryan (R-WI). Maloney and her colleagues drew contrast between the Democratic and Republican budget proposals.