More on Financial Services

Nov 26, 2012

Rep. Maloney statement on Mary Schapiro departing SEC

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:  

Oct 17, 2012

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.  

Aug 15, 2012

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.  

Aug 3, 2012

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.

Jul 19, 2012

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.  

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.  

Pages