Bachus Legislation Would Change CFPB Lead

By Sarah Borchersen-Keto, CCH Washington News Bureau, and Serena Lynn, Editor, the CCH Federal Banking Law Reporter and Bank Digest, March 16, 2011. House Financial Services Committee Chairman Spencer Bachus, R-Ala., has introduced legislation that would replace the Consumer Financial Protection Bureau director with a bipartisan commission of five members modeled after the Securities and Exchange […]

Financial Services Committee Votes to End Foreclosure Programs

By Serena Lynn, Editor, the CCH Federal Banking Law Reporter and Bank Digest, March 4, 2011. The Financial Services Committee has approved bills that would terminate the FHA Refinance Program and the Emergency Mortgage Relief Program. “Continued government intervention and questionable use of taxpayer dollars only prolongs our current economic crisis and ensures that the […]