More on Financial Services
WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY) today offered the following statement upon President Obama’s nomination of Rep. Mel Watt:
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), a senior member of the House Financial Services Committee, announced at a Financial Institutions and Consumer Credit Subcommittee hearing today she plans to introduce a bill that would exempt loans from the credit union member business lending cap that are made after federally-declared natural disasters, injecting much-needed funds into local communities when they need it most.
Maloney urges faster checks to homeowners, monthly updates on mortgage settlements in letter to regulators
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services committee and Ranking Member of its Capital Markets Subcommittee, today wrote the Comptroller of the Currency and the Chairman of the Federal Reserve following a recently released GAO report on the Independent Foreclosure Review (IFR) process and the regulators’ disclosure in late March that it would be an additional four to eight weeks before these borrowers receive payments under the IFR settlement with major banks announced in January.
If you ask around, it's pretty easy to find someone who has a bank account overdraft horror story to tell. Nine out of ten adult Americans have a checking account. It's the most widely used financial services product in the United States. And according to a survey by Pew's Safe Checking in the Electronic Age project, about 18 percent of those with checking accounts have been hit in the past year by an overdraft fee.
WASHINGTON, DC – Today in response to a question posed by Congresswoman Carolyn B. Maloney (D-NY) at a hearing of the Financial Services Committee, Federal Housing Administration (FHA) Commissioner Carol Galante announced that the Department of Housing and Urban Development (HUD) will streamline the approval of FHA loan applications of multifamily apartment owners in New York and New Jersey.
WASHINGTON, DC – Today, Rep. Carolyn Maloney (D-12-NY) welcomed President Obama’s re-nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) and issued the following statement: “Richard Cordray has done a superb job as Director of the Consumer Financial Protection Bureau and I'm delighted that the President has formally re-nominated him. He has been a strong leader-- establishing the Bureau's infrastructure and executing the Bureau's mission of working for a level playing field between consumers and financial institutions. The body of work under his leadership, from reigning in irresponsible mortgage lending to implementing my Credit Card Act, has gained praise from consumers and the financial industry. Rich has proven to be fair and open with all stakeholders as the Bureau conducts its work. I hope the Senate moves quickly to confirm him.”
WASHINGTON, DC –Rep. Carolyn Maloney (D-12-NY) welcomed President Obama’s nomination today of Mary Jo White to head the Securities and Exchange Commission (SEC) with the following statement:
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the Financial Services Committee, issued the following statement after today’s announcement that Mary Schapiro would be leaving as Chair of the Securities and Exchange Commission (SEC) in December:
Reps. Capito, Maloney and Slaughter hail CFPB proposal allowing stay-at-home spouses with access to family income to be issued credit cards in their own name
WASHINGTON, DC – Rep. Shelley Moore Capito (R-WV), Chair of the Subcommittee on Financial Institutions and Consumer Credit, Rep. Carolyn Maloney (D-NY), principal author of the Credit CARD Act and Ranking Member of the Subcommittee, and Rep. Louise M. Slaughter (D-NY), Ranking Member of the House Committee on Rules, today hailed the announcement of a proposed rule by the Consumer Financial Protection Bureau (CFPB) that makes it easier for stay-at-home spouses to obtain credit cards in their own name under the provisions of the CARD Act.
Rep. Maloney applauds NYS settlement with Standard Chartered Bank over Iran money-laundering charges
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, today applauded the settlement between the New York State Department of Financial Services and Standard Chartered Bank over money-laundering charges with Iran.