Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Wednesday, February 8, 2012

ABA’s Hunter to Testify on CFPB Improvement Bills

ABA COO Mike Hunter will testify today at a House Financial Institutions Subcommittee hearing on legislative proposals intended to make the CFBP more accountable and transparent.
These bills are two of many options to address concerns about the role of the Bureau [CFPB] and its exercise of power. An important principle that underlies these and other bills is that there needs to be an effective check and balance on the Bureau's authority. We strongly support this principle of accountability and balance, and applaud Congressional efforts to assure an effective mechanism is in place to achieve it for the Bureau.
The hearing will examine bills that would move the CFPB to the Treasury Department and subject it to the same appropriations process as Treasury (H.R. 1355); remove the bureau’s director from the FDIC Board (H.R. 2081); and preserve the attorney-client privilege for information submitted to the CFPB (H.R. 3871).

Read Mike Hunter’s testimony.
Read the HFS witness list.

No comments:

Post a Comment

Please read our comment policy before making a comment.