Tag Archives: Financial Services Committee

U.S. House Financial Services Committee Hearing on Flood Insurance Reform and Passes Legislation

On June 7, 2017, the U.S. House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” The hearing examined the National Flood Insurance Program (NFIP) and six legislative concepts to reform the program. Witnesses discussed how the reforms would strengthen taxpayer protections; provide greater private market access, competition, and consumer choice; … Continue Reading

House of Representatives Votes to Repeal CFPB’s Auto Lending Guidance and Issues Scathing Report on CFPB’s Methodology and Statistics

On Nov. 18, 2015, the House of Representatives voted to pass H.R. 1737, the Reforming CFPB Auto Financing Guidance Act, which would nullify CFPB Bulletin 2013-02, entitled “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” The bill passed in the House with bipartisan support 332-96. CFPB Bulletin 2013-02 provides fair-lending guidance to the … Continue Reading