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House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises – The Impact of Regulations on Short-Term Financing

December 8, 2016

Witnesses Mr. Anthony J. Carfang Managing Director, Treasury Strategies, a division of Novantas, Inc. Added 12/08/2016 at 09:33 AM Witness Statement [PDF] Added 12/08/2016 at 09:34 AM Mr. Thomas C. Deas Jr. Chairman, National Association of Corporate Treasurers Added 12/08/2016 at 09:33 AM Witness Statement [PDF] Added 12/08/2016 at 09:34 AM Mr. Mike Konczal Fellow, […]

House Committee on Financial Services Subcommittee on Monetary Policy and Trade – Unconventional Monetary Policy

December 7, 2016

Witnesses Dr. John Taylor Professor of Economics, Stanford University Added 12/07/2016 at 09:50 AM Witness Statement [PDF] Added 12/07/2016 at 09:51 AM Dr. Charles Plosser Visiting Fellow at the Hoover Institution, Stanford University and Former President and CEO Federal Reserve Bank of Philadelphia (2006-2015) Added 12/07/2016 at 09:50 AM Witness Statement [PDF] Added 12/07/2016 at […]

Final Deadline COB Friday (1/8) Kelly-Paulsen-Moulton-Kuster Bipartisan Letter to Protect the Free Flow of Data in Trade

January 6, 2016

An essential part of a successful trade agreement is the inclusion of strong, binding obligations to keep markets open to digital products and services and cross-border data flows. Preserving the free flow of data matters for businesses of all sizes and types, including the financial services sector, which provides banking, insurance, electronic payment systems, and other services.

Stop Garnishment of Social Security Benefits to Pay Student Loans

September 30, 2015

As you know the student debt crisis in this country has reached a tipping point and requires urgent action. Join us in asking the SSA, Treasury and Department of Education to use their existing authority to provide an exemption for the garnishment of Social Security benefits due to unpaid student debt.

Cosponsor the SAFE Act: Remove Economic Barriers for Domestic Violence Victims

November 21, 2014

While overlooked in domestic violence discourse, financial abuse is often used by domestic abusers to deprive victims of the financial independence and resources needed to leave violent relationships. In cases of financial abuse, violent partners frequently control victims through limiting their access to finances, destroying their credit histories, and interfering with their ability to maintain steady employment. As a result, survivors struggle to escape and are likely to experience poverty and financial ruin, even if they are successful. According to the Center for Disease Control, 98% of battered women report having experienced some form of financial abuse.

Experts Unveil New Study on CFPB’s Auto Financing Guidance

November 19, 2014

Since the Consumer Financial Protection Bureau issued its controversial March 2013 guidance on indirect auto financing, Members of Congress have written twelve letters to the agency on a bicameral, bipartisan basis asking for a straightforward disclosure of the Bureau’s methodology.

Cosponsor Bipartisan, Bicameral Resolution to Create More Transparency at the IAIS

November 13, 2014

The International Association of Insurance Supervisors (IAIS) is a voluntary association of government officials who regulate insurance from more than 140 jurisdictions. The U.S. representatives to the IAIS are the Department of Treasury, the Federal Reserve Board, and chief insurance regulators representing the 56 jurisdictions of the United States.

H.R. 4466, Financial Regulatory Clarity Act of 2014

October 17, 2014

As ordered reported by the House Committee on Financial Services on May 22, 2014 H.R. 4466 would require federal financial regulators to determine whether any new regulations or orders are duplicative or inconsistent with existing rules. The regulators would be required to report to the Congress within 60 days of making such a determination. Based […]

Taxpayers Recover $245.5 Million from Second Ally Trading Plan

October 17, 2014

Total Return on Ally Investment approximately $1.1 billion WASHINGTON – The U.S. Department of the Treasury today announced the completion of its second pre-defined written trading plan for Ally Financial Inc. (“Ally”) common stock.  Treasury sold 11,249,044 shares and recovered approximately $245.5 million for taxpayers.  With the conclusion of the second trading plan, Treasury now […]

Readout of the International Working Group Meetings on Sanctions Targeting ISIL, Al-Nusrash Front, and the Asad Regime

October 17, 2014

WASHINGTON – Today, the Departments of the Treasury and State co-hosted a meeting of the International Working Group on Sanctions Targeting ISIL, al-Nusrah Front (ANF), and the Asad regime.  This meeting gathered over 20 countries and organizations to discuss and identify opportunities to implement targeted measures to financially isolate these extremist groups and the Asad […]