All Weekend, Every Weekend. On C-SPAN3.

House Financial Services Holds Two Hearings on Dodd-Frank

Washington, DC
Thursday, July 19, 2012

The House Financial Services Committee held two hearings to learn about the effects of implementing the Dodd-Frank financial oversight law.

The morning session examined how the consequences of the Dodd-Frank Act are felt far from Wall Street by looking at the law’s impact on families, communities and small businesses.  Witnesses from credit unions and small banks testified.

In the afternoon panel, Raj Date, deputy director of the Consumer Financial Protection Bureau (CFPB), testified about the law's effect on consumer choice and access to credit.

He acknowledged the concerns of small banks with regard to overburden regulations and compliance costs and emphasized the importance of their feedback during the bureau’s rulemaking process. Date added that it is not the CFPB’s intent to make their operations harder.

Rep. Neugebauer, in a release announcing the hearing, said "Private companies will have to spend more than 24 million work hours every year to comply with just the first 224 new rules resulting from the passage of Dodd-Frank. Its red tape reaches deep into the wallets and pocketbooks of millions of Americans and small businesses that had nothing to do with the financial crisis.”

Updated: Thursday, July 19, 2012 at 5:16pm (ET)

Related Events

The Rise and Fall of Richard Whitney
Saturday, October 5, 2013     

Author Malcolm MacKay discusses his book, “Impeccable Connections: The Rise and Fall of Richard Whitney”. He details Mr. Whitney’s journey from president of the New York Stock Exchange to convicted white collar criminal. The Museum of American Finance hosts this event.

IMF Recommends Economic Changes in China
Friday, September 6, 2013     

A recent International Monetary Fund report recommends that China make significant changes to its economic system in order to maintain its current pace of growth. Markus Rodlauer, the IMF's China mission chief, discusses the report with a panel of China experts at this Brookings Institution event.

Senate Budget Cmte. to Mark Up Budget for Fiscal Year 2014
Wednesday, March 13, 2013     

Senate Budget Chairwoman Patty Murray (D-WA) released her 2014 budget resolution for mark up Wednesday. It included significant tax increases on top of the $620 billion tax hike from the fiscal cliff deal.

House Subcmte. Holds Hearing on Food Safety Appropriations
Wednesday, March 13, 2013     

Administration officials in charge of food safety testified before the House Appropriations Subcommittee on Agriculture, Rural Development, FDA and related agencies.

Senate Banking Committee Press CFPB & SEC Nominees
Tuesday, March 12, 2013     

President Obama's financial regulator nominees went before the Senate Banking Committee Tuesday for consideration to lead the Bureau of Consumer Financial Protection (CFPB) and the the Securities and Exchange Commission (SEC).

Transportation Department Officials Address APTA Conference
Monday, March 11, 2013     

High ranking Transportation Department officials joined the American Public Transportation Association's annual legislative conference.  The day-long event addressed the need for funding and policies that support U.S. public transportation and rail systems.

A Look at Healthcare Implementation
Friday, March 8, 2013     

The National Press Club holds a news conference to discuss how the new healthcare laws are taking shape in the states during a Newsmakers' event titled "Obamacare on the Ground."

Consumer Protection Summit Identifies Frauds & Scams
Friday, March 8, 2013     

The Department of Justice and the Consumer Protection Working Group held a one day summit on the latest fraud scams and what consumers can do to protect themselves.

Committee Holds Hearing On Government Waste
Tuesday, March 5, 2013     

Rep. Darrel Issa (R-CA) chaired a House Oversight Committee hearing on spending practices in the Departments of Education and Transportation.

Economists Address NABE Policy Conference
Monday, March 4, 2013     

The National Association for Business Economics holds its annual policy conference, featuring speakers from business, the government and the Federal Reserve.

Share This Event Via Social Media

Related Resources

Photo Gallery

Sundays at Eight - New Book