More on Financial Services

Feb 26, 2014

Maloney: “Consumer Financial Deception Act” would inhibit Consumer Financial Protection Bureau

WASHINGTON – Congresswoman Carolyn Maloney (NY-12) today released the following statement in opposition to H.R. 3193, the so-called Consumer Financial Freedom and Washington Accountability Act. “H.R. 3193, which could aptly be named the Consumer Financial Deception Act, is a blatant assault on the Consumer Financial Protection Bureau and on American consumers. This legislation was reported out of committee without the support of a single Democrat, and it was rushed to the floor with little analysis of how it would affect consumers or our economy."

Feb 26, 2014

Maloney: Generation of college students will avoid credit card debt trap due to CARD Act, GAO finds

WASHINGTON – Congresswoman Carolyn Maloney (D-NY) says a new study from the Government Accountability Office is further proof that the Credit Card Accountability Responsibility and Disclosure Act reforms she authored are working. The GAO report released Monday found that credit card companies have significantly curtailed their marketing of credit cards to college students. 

Jan 28, 2014

Rep. Maloney Lauds President’s Call for Housing Finance Reform as Long Overdue

“I applaud President Obama’s call for legislation that will keep the dream of homeownership alive for future generations of Americans while protecting taxpayers from another bailout of Fannie Mae and Freddie Mac. GSE reform is long overdue and it’s time for Democrats and Republicans to work together to get a serious, bipartisan plan to the President’s desk. I plan to do everything I can to make that happen.” 

Dec 16, 2013

Rep. Maloney Criticizes FHFA Proposal to Gradually Reduce Conforming Loan Limits

WASHINGTON, DC — Congresswoman Carolyn B. Maloney (NY-12) today criticized a Federal Housing Finance Agency (FHFA) proposal that could result in reduced access to mortgages for middle-class families. Maloney, the top Democrat on the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, says that reductions in conforming loan limits being considered by FHFA would cut thousands of families out of the housing market by forcing them to seek private mortgages, which typically require credit scores above 760 and average down payments of nearly 34 percent. 

Dec 10, 2013

Rep. Maloney Statement on Adoption of a Final Volcker Rule

WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY), a senior member of the House Financial Services Committee, and Ranking Member of its Subcommittee on Capital Markets and Government Sponsored Enterprises, issued the following statement on the adoption of a final Volcker Rule. In 2012 Maloney led 35 House members in calling for a strong Volcker Rule.

Dec 10, 2013

Rep. Maloney congratulates FHFA Director Mel Watt on Senate confirmation

WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY), a senior member of the House Financial Services Committee, and Ranking Member of its Subcommittee on Capital Markets and Government Sponsored Enterprises, issued the following statement on the Senate’s confirmation of Rep. Mel Watt as Director of the Federal Housing Finance Agency. 

Nov 26, 2013

Maloney Hails FHFA Decision to Retain Current Limits on Fannie Mae and Freddie Mac Backed Home Mortgages

WASHINGTON, DC - Congresswoman Carolyn B. Maloney, (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, commended the Federal Housing Finance Agency’s (FHFA) announcement today to maintain the current limits on the size of home mortgages  that taxpayer-owned Fannie Mae and Freddie Mac can finance in 2014. Last month, Maloney led 65 members of Congress on a letter to FHFA Acting Director Ed DeMarco that urged FHFA not to reduce these mortgage sizes, also known as conforming loan limits.  

Nov 12, 2013

Rep. Maloney Hosts Policy Roundtable with Brooklyn Real Estate, Mortgage Industries, Housing Experts

Brooklyn, NY – Congresswoman Carolyn Maloney (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, hosted a roundtable today at the Polish Slavic Federal Credit Union in Greenpoint to discuss proposed reforms to federal housing and mortgage finance laws with members of Brooklyn’s real estate and mortgage industries, as well as housing experts.

Nov 12, 2013

Rep. Maloney Hosts Housing Finance Policy Roundtable with Queens Real Estate, Mortgage Industries, Housing Experts

Long Island City, Queens – Congresswoman Carolyn Maloney (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, hosted a roundtable today at the United Nations Federal Credit Union in Long Island City to discuss proposed reforms to federal housing and mortgage finance laws with members of Queens’ real estate and mortgage industries, as well as housing experts.

Oct 18, 2013

Maloney hails FHFA decision to maintain conforming loan limits

WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY), Ranking Member of the Subcommittee on Capital Markets and Government Sponsored Enterprises (GSE), offered the following statement in response to news that the Federal Housing Finance Agency has decided to not lower the cap on the size of loans that Fannie Mae and Freddie Mac can guarantee:

Pages