House Republicans are on an anti-Dodd-Frank blitz, but with a populist twist, leading up to the financial reform law’s second birthday later this week.
The Republican-controlled Financial Services Committee has launched an "online survey," which asks users a series of questions about how Dodd-Frank affects “you, not Wall Street.” The survey comes as the committee has scheduled a half dozen hearings over a two-week period focusing on such topics as Dodd-Frank's impact on home mortgages, consumer choice, and access to credit and municiple finance.
We'll be covering one of those hearings — titled "Who’s In Your Wallet ...Continue reading
Reuters reports that Rep. Randy Neugebauer, R-Texas, the incoming chairman of the Financial Services Oversight and Investigations subcommittee, wants to delay implementation of the new financial reform law for a year "so regulators have more time to understand the impact of rules they are writing."
What's missing from the story, however, is how much money Neugebauer has collected from the financial sector for his election campaigns--the very folks who might be interested in such a delay. In his most recent race he got more than $418,000, dwarfing contributions he received from other sectors, according to the Center for ...Continue reading