THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION, HYBRID FORMAT to conduct a hearing entitled “Oversight of the Export-Import Bank of the United States.” The witness will be: The Honorable Kimberly A. Reed, President and Chairman of the Board of Directors, Export-Import Bank of the United States.
For this hearing, the Senate Banking Committee will follow guidelines developed in consultation with the Office of the Attending Physician (OAP), the Senate Sergeant at Arms, and the Senate Rules Committee to protect the health of Members, witnesses, staff and the public. This includes maintaining six-foot social distance spacing in the hearing room.
Pursuant to guidance from the CDC and OAP, Senate office buildings are not open to the public other than official business visitors and credentialed press at this time. Accordingly, in-person visitors cannot be accommodated at this hearing. We encourage the public to utilize the...
THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in REMOTELY to conduct a hearing entitled, “The Semiannual Monetary Policy Report to the Congress.” The witness will be The Honorable Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System.
All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.
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In the middle of the military occupation of our capital, the Consumer Financial Protection Bureau opined that the relief consumers needed was the ability to get a new credit card fast — faster than the time it takes to send, receive and open an email to confirm your ability to get disclosures electronically. Because this wasn’t a rulemaking, the CFPB didn’t need to cite any data for its position, and it didn’t.
That failure to cite data was hardly a surprise: The very first announcement by the CFPB on COVID-related relief announced suspension of data collection on mortgages, prepaid and credit card accounts and small business lending, and the CFPB has continued a rapid-fire issuance of guidance relaxing requirements for financial institutions under the guise of helping consumers without citing any data. But if you’d read the lone piece of research that the CFPB has issued on the impact of COVID-19 on consumers, you’d have been even more puzzled as to why the CFPB...
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