Videos

Witnesses testified on the accuracy and regulation of consumer credit reports. They discussed were the practices of credit reporting agencies, the low number of consumers who request their c…

Housing and Urban Development Secretary Shaun Donovan testified on the financial health of the Federal Housing Administration (FHA). The agency had a $16 billion deficit due to mortgage lend…

Richard Cordray gave his semi-annual report to Congress of the Consumer Financial Protection Bureau (CFPB). Among the issues addressed in the hearing were mortgage rules, the regulation of p…

Witnesses testified about the student loan process and weaknesses in the manner loans had been administered under federal loan guarantee programs. Although private loans make up a small slic…

Witnesses testified on potential risks to the tri-party repo market. A repo, or repurchase agreement, is a financial deal where one person sells an asset to another and agrees to buy back th…

Treasury Secretary Geithner testified on the recently approved Financial Stability Oversight Council’s (FSOC) annual report. In addition to questions about the FSOC report, senators also ask…

Federal Reserve Chair Ben Bernanke presented the Federal Reserve Board’s semiannual report on monetary policy. In his testimony he said the two main sources of risk to the economy were the E…

Witnesses testified about money market funds and proposed regulation of the financial industry. Mary Schapiro said money market funds posed a systemic risk to the financial system and theref…

Witnesses testified on the initial public offering (IPO) process in light of Facebook’s stock plunge. They focused on the process of public offerings, the amount of transparency in the proce…

Jamie Dimon testified on JPMorgan Chase’s $2 billion trading loss on May 10, 2012, and business practices in the banking industry. Among the issues he addressed were the bank bailouts follow…

The heads of federal financial oversight agencies testified on on the implementation of the 2010 Dodd-Frank financial regulations law, focusing on derivatives. They also focused on a $2 bill…

Witnesses testified on legislation that would expand the number of homeowners who can refinance and take advantage of record-low interest rates. The bill, co-sponsored by Senators Barbara Bo…

Mary Schapiro and Gary Gensler testified on the derivatives market and the ongoing implementation of the Dodd-Frank 2010 financial regulations law. Much of the hearing focused on JPMorgan Ch…

Witnesses testified about long-term re-authorization and reform of the National Flood Insurance Program (NFIP) and issues relating to re-authorization and reform, including levee re-certific…

Witnesses testified about use of the “Volker rule” to stop federally insured banks from making speculative investments for their own profit. Mr. Volker testified that regulators must continu…

Housing and Urban Development Secretary Shaun Donovan testified the on the Obama administration’s plans to help homeowners refinance their mortgages. Administration proposals included reform…

Witnesses testified on the implications of and lessons learned from the collapse of MF Global. Topics included the latest on the continuing investigation, recovery efforts of missing funds, …

Ben Bernanke testified on the U.S. economic outlook for the year and the future of economic growth. In his remarks he said that the domestic economy would grow modestly despite higher oil pr…

Richard Cordray testified on the first semi-annual report of the Consumer Financial Protection Bureau. In that report, the CFPB said it had received more than 13,000 complaints over the last…

Witnesses testified on the major economic struggles many Native communities face. They focused on the high unemployment rate, financial educations, and Native American Natural Foods (South D…