More on Financial Services

Jul 18, 2012

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:  

Jun 19, 2012

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:  

May 15, 2012

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:

May 9, 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.

Apr 17, 2012

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.  

Mar 22, 2012

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.  

Feb 21, 2012

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.

Feb 9, 2012

Maloney statement on mortgage-servicer settlement

WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee, today issued the following statement on the agreement announced by the Department of Housing and Urban Development, Department of Justice, state Attorneys General, and five mortgage-service companies.

Feb 9, 2012

Weakened Version of Congressional Insider Trading Ban Passes House

Washington, D.C. – Today, U.S. Rep. Carolyn Maloney (D-Manhattan, Queens) spoke on the House floor regarding the Stop Trading on Congressional Knowledge (STOCK) Act, a measure cosponsored by Maloney and a bipartisan group of more than 270 House members.  Maloney voted for the measure, which passed the House by a vote of 417-2, but said that while the bill is “better than nothing,” it should not have been weakened behind closed doors by the Republican leadership.

Feb 2, 2012

Maloney Urges Immediate Passage of Congressional Insider Trading Ban

Washington, D.C. – Last night, U.S. Rep. Carolyn Maloney (D-Manhattan, Queens) signed a discharge petition that would force a vote on the Stop Trading on Congressional Knowledge (STOCK) Act, a measure sponsored by New York Rep. Louise Slaughter and cosponsored by a bipartisan group of more than 270 House members, including Maloney.    

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