More on Financial Services
Statement of Rep. Maloney on appointment to Wall Street Reform and Consumer Protection Act Conference Committee
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today issued this statement upon being appointed to the Financial Stability Conference Committee:
"I am honored that the Chairman has seen fit to include me on the list he has sent to Speaker Pelosi of possible Conference Committee members for the financial regulatory reform legislation.
REP. CAROLYN MALONEY, LEADERS & ADVOCATES URGE REFORM OF FREDDIE MAC, FANNIE MAE TO STRENGTHEN PROTECTIONS FOR AFFORDABLE HOUSING
New York, NY – Congresswoman Carolyn B. Maloney joined with elected officials, community leaders, and affordable housing advocates at a news conference outside Stuyvesant Town to announce her introduction of legislation in Congress, H.R. 5361, that will sharply curtail the ability of Fannie Mae, Freddie Mac, and other government-sponsored enterprises (GSEs) to invest in future transactions that reduce the availability of affordable housing both in New York and nationwide. Representative Maloney was joined at the press conference by New York City Public Advocate Bill de Blasio; Manhattan Borough President Scott Stringer; NYS Assemblyman Brian Kavanagh; NYC Councilman Dan Garodnick; Alvin Doyle, the President of the Stuyvesant Town/Peter Cooper Village Tenants Association; and other consumer, housing and community advocates.
WASHINGTON, DC – House Financial Services senior member and Joint Economic Committee Chair Rep. Carolyn Maloney (D-NY) issued the following statement on the passage of the Financial Stability Bill in the Senate:
WASHINGTON, DC – Americans Abroad Caucus Co-Chairs, Rep. Carolyn Maloney (D-NY) and Rep. Joe Wilson (R-SC) sent a letter to Chairman Barney Frank and Ranking Member Bachus of the Financial Services Committee, of which Rep. Maloney is a senior member, requesting a hearing to look at current U.S. banking laws and regulations that may prevent Americans living overseas from accessing U.S. banking services.
New York, NY – This week, AARP honored Rep. Carolyn Maloney (D-Manhattan, Queens) with the organization’s 2009 Legislative Achievement Award for Maloney’s efforts to protect consumers in the current Congress. The CARD Act, which Maloney authored in the House to prohibit the worst abuses by the credit card industry, was signed into law by President Obama last summer.
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today issued this statement in reaction to Bank of America’s announcement eliminating overdraft fees:
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today sent a letter asking for hearings to be held on U.S. financial firms’ involvement in the elements of the debt crisis currently facing Greece. “News has surfaced that investment banks based in the United States have funded firms which created the financial indexes and other information needed to trade against the possibility of a sovereign default overseas—after selling debt to those countries in a way that kept that debt secret from the public,” Rep. Maloney said. “These reports, if true, are a shocking echo of the financial crisis that faced the U.S. in 2008—whose reverberations are still being felt today, in the worst recession in decades.” The text of the letter follows:
New York, NY – This afternoon, Congresswoman Carolyn Maloney (D-NY), Senator Robert Menendez (D-NJ), and NYC Department of Consumer Affairs Commissioner Jonathan Mintz joined with representatives of Consumers Union and New Jersey Citizen Action and others to hail new credit card reforms taking effect today. The reforms are part of the Credit Card Accountability, Responsibility, and Disclosure Act, which Maloney authored in the House and Menendez helped pass in the Senate.
New York, NY - Today, Congresswoman Carolyn B. Maloney (D-NY) announced that she has introduced in the House the Small Business Job Creation Tax Act of 2010 (H.R.4585), legislation that would provide tax credits for small businesses that create jobs. Senators Kirsten Gillibrand and Robert Casey introduced the legislation in the Senate earlier this month.