More on Financial Services
WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY) last night received the “Philip Hart Public Service Award” from the Consumer Federation of America at their 43rd Annual Awards Dinner at the Capital Hilton in honor of her work on consumer banking issues, including the Credit CARD Act (introduced as the “Credit Cardholders’ Bill of Rights”).
WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY), Ranking Member of the House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee, issued the following statement upon today’s introduction of the “Housing Finance Reform and Taxpayer Protection Act of 2013” by Sens. Robert Corker (R-TN) and Mark Warner (D-VA).
New York, NY – Congresswoman Carolyn Maloney (D-NY) is on guard again for hardworking consumers who are being hit with over-the-top overdraft fees from some financial institutions. Congresswoman Maloney has been ahead of the curve on this issue, having introduced legislation in every Congress since 2005. But with the recent release of a Consumer Financial Protection Bureau (CFPB) Report that revealed that a few bad apples in the banking industry are slamming consumers with unreasonable overdraft fees, and using deceptive enrolling practices, Congresswoman Maloney is compelled once again to demand that Congress stand up for consumers and pass her Overdraft Protection Act bill.
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: