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, April 18, 2012

HFS Markup Amendment: Abolish OFR

The House Financial Services Committee yesterday approved by a 31-26 party-line vote a legislative package that is intended to cut the budget deficit by $35 billion.

Provisions in the package would, among other things, repeal the FDIC's Dodd-Frank Act-mandated authority to resolve large, failing financial institutions and subject the CFPB’s budget to annual congressional approval.

An amendment (no. 7) was offered by Mr. Canseco and agreed to by voice vote to abolish the Office of Financial Research (OFR).

The deficit-reduction legislation has little chance of becoming law this year because of Senate opposition.

Read a committee press release on the package.

Read more about the hearing.

No comments:

Post a Comment

Please read our comment policy before making a comment.