More on Financial Services
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.
Schumer, Maloney, Gillibrand, McHenry Introduce Interstate Land Sales Disclosure Act Update
Senator Charles Schumer (D-NY), Rep. Carolyn Maloney (D-NY), and Senator Kirsten Gillibrand (D-NY) along with Reps. Patrick McHenry (R-NC), Jerrold Nadler (D-NY), and Michael Grimm (R-NY) have introduced the “Interstate Land Sales Disclosure Act Update of 2012” (S. 3499/H.R. 6337) to allow condominium developers and their lenders some certainty as the economy continues to recover.
Maloney releases list of banks that have voluntarily given up proprietary trading, conforming to Volcker rule before it takes effect
WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY), senior member of the House Financial Services Committee, today released the response to her request of the Office of the Comptroller of the Currency last month to enumerate which banks regulated by them have begun to unwind their proprietary trading operations.
Maloney statement on CFPB/OCC-Capital One settlements
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), ranking member of the House Financial Services Committee’s subcommittee on Financial Institutions and Consumer Credit, and principal author of the Credit Cardholders’ Bill of Rights (passed as the “Credit CARD Act”) issued the following statement on the settlement announced today between the Consumer Financial Protection Bureau, the Office of Comptroller of the Currency, and Capital One:
Rep. Maloney statement on JPMorgan Chase eliminating fees for overdrafts of $5 or less
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, today applauded JPMorgan Chase for new overdraft policies:
Maloney statement on Senate passage of Export-Import Bank Reauthorization Act
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, today issued the following statement upon Senate passage of the Export-Import Bank Reauthorization Act of 2012:
Maloney bill would protect Consumers from so-called Overdraft “Protection” plans
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, along with 46 cosponsors, this week introduced the “Overdraft Protection Act” which would require a consumer’s affirmative opt-in to overdraft plans with clear disclosure of coverage and fees, require overdraft fees be “reasonable and proportional” to the cost of the transaction, limit the quantity of fees that can be charged to one per month and six per year, improve notice to consumers when an overdraft is incurred, and ban the manipulation of transaction posting order in a way that maximizes fees paid to banks.
Rep. Maloney statement on the President’s proposal to curb oil market manipulation
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, today backed President Obama’s proposals to improve enforcement and curb manipulation in the oil futures markets.
Rep. Maloney statement on Senate passage of the STOCK Act
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, today released the following statement after Senate approval (by a vote of 96 to 3) of the House version of the STOCK Act, which would ban insider trading by Members of Congress, certain staff, and employees of the executive branch.
Rep. Maloney & White House Business Council Host Roundtable on “Micro-Loans” for Entrepreneurs
New York, NY – Today at Baruch College in Manhattan, U.S. Rep. Carolyn Maloney (D-Manhattan, Queens), Don Graves, Executive Director of the President's Council on Jobs and Competitiveness, and Donna Gambrell, Director of the Community Development Financial Institutions Fund, hosted a roundtable discussion on federal efforts to provide “micro-loans” and other services to help entrepreneurs start or expand businesses and create jobs. Maloney and Graves were joined by New York State Senator Daniel Squadron; Stephen A. Vogel, CEO of Grameen America and Erica Dorn of ACCION USA, both of which are leading providers of micro-financing for small businesses; Nancy Ploeger of the Manhattan Chamber of Commerce; Dr. Edward Rogoff of the Field Center for Entrepreneurship at Baruch College; and Field Center students who one day plan to start their own businesses.
