CongressionalHearings/Other/House_Energy_and_Commerce/HSB_-_Impact_of_Financial_Regulatory_REstructing_on_Small_Business/CHRG-111hhrg52261--18.txt State-regulated mortgage brokers and lenders comply with State and Federal consumer protection laws , including State predatory lending laws . CongressionalHearings/Dodd-Frank/CHRG-111hhrg56778/CHRG-111hhrg56778--15.txt I have interacted with the Federal Reserve , the U.S. Treasury , and the FHFA in order to share information of common interest on these significant companies . CongressionalHearings/MonetaryPolicy/Senate_Banking,_Housing_and_Urban_Affairs/SBHUA_-_Feb_24,_2009_Fed_Reserve/CHRG-111shrg50814--4.txt One of the questions foremost in my mind , Mr. Chairman , is whether the Federal Reserve has thought about the long-term implications of its programs , its new programs . CongressionalHearings/MonetaryPolicy/Senate_Banking,_Housing_and_Urban_Affairs/SBHUA_-_Feb_24,_2009_Fed_Reserve/CHRG-111shrg50814--4.txt Given the scope of the Federal Reserve 's recent actions , it seems unlikely that any future student will conclude that today 's Federal Reserve was too timid in the face of this crisis , Mr. Chairman . FCIC/FCICFinalReport/fcic_final_report_full--495.txt Congress also made clear in the act that its intention was to call into question the high quality underwriting guidelines of the time . FOMC/FOMC20060629meeting/FOMC20060629meeting--100.txt MR. POOLE. That 's a pretty substantial hit for the world 's largest retailer -- of course , that 's mostly U.S. business . CongressionalHearings/Dodd-Frank/CHRG-111shrg56415/CHRG-111shrg56415--246.txt State credit union regulators are cognizant of credit unions ' future financial performance as commercial credit problems begin to affect consumer credits . CongressionalHearings/Dodd-Frank/CHRG-111shrg54789/CHRG-111shrg54789--187.txt In my testimony before the House Energy and Commerce Committee on July 8 , I did state that the CFPA would not set prices . CongressionalHearings/TARP/CHRG-110shrg50417/CHRG-110shrg50417--14.txt Mr. Chairman , the Government 's assistance has to include significant help from Main Street as well as Wall Street . CongressionalHearings/Other/Senate_Homeland_Security_and_Government_Affairs/SHSGA_-_High_Risk_Home_Loans/CHRG-111shrg57319--220.txt In the second half of 2006 , as part of Mr. Schneider 's changes to the management at Long Beach Mortgage , I was given responsibility for Long Beach 's capital markets organization . CongressionalHearings/Dodd-Frank/CHRG-111hhrg52406/CHRG-111hhrg52406--47.txt Mr. Mierzwinski , '' Mr. Chairman , I think that Ellen Seidman 's testimony makes some very good points about some of the issues that are framed with moving the agency . CongressionalHearings/Dodd-Frank/CHRG-111hhrg53241/CHRG-111hhrg53241--21.txt First of all , NAAHL supports Chairman Frank 's decision to preserve the bank regulators ' role to enforce the Community Reinvestment Act -LRB- CRA -RRB- . CongressionalHearings/Dodd-Frank/CHRG-111shrg54533/CHRG-111shrg54533--91.txt Elimination of the Federal thrift charter and other loopholes that allowed some depository institutions to avoid bank holding company regulation by the Federal Reserve . CongressionalHearings/MonetaryPolicy/House_Banking_Committee/HB_-_June_3,_2009_Challenges_Facing_the_Economy:_View_from_Fed_Reserve/CHRG-111hhrg49968--206.txt -LSB- Mr. Bernanke 's responses to Mr. Connolly 's questions follow :] Board of Governors of the Federal Reserve System , Washington , DC , June 30 , 2009 . FOMC2008_csv/FOMC20080625meeting--94.txt MR. WARSH. Financial institution equity prices showed significant underperformance , and some people say that is the Federal Reserve 's fault . CongressionalHearings/Dodd-Frank/CHRG-111shrg56415/CHRG-111shrg56415--83.txt Finally , I will address the Federal Reserve 's regulatory and supervisory responses to these challenges.Conditions in Financial Markets and the Economy Conditions and sentiment in financial markets have continued to improve in recent months . CongressionalHearings/Dodd-Frank/CHRG-111shrg51290/CHRG-111shrg51290--67.txt The Regulatory Story : Race to the Bottom Federal banking regulators added fuel to the crisis by allowing reckless loans to flourish . CongressionalHearings/Dodd-Frank/CHRG-111shrg52966/CHRG-111shrg52966--71.txt The Federal Reserve is also the primary Federal supervisor of State-member banks , sharing supervisory responsibilities with State supervisory agencies . CongressionalHearings/Dodd-Frank/CHRG-111shrg54675/CHRG-111shrg54675--83.txt Federal Reserve surveys show that the Nation 's large banks tightened underwriting standards for the better part of the past year . CongressionalHearings/MonetaryPolicy/Senate_Banking,_Housing_and_Urban_Affairs/SBHUA_-_July_19,_2007_Fed_Reserve/CHRG-110shrg46629--138.txt Chairman Bernanke , your statement also includes an extended discussion of the Federal Reserve 's recent activities relating to subprime mortgage lending . CongressionalHearings/MonetaryPolicy/Senate_Banking,_Housing_and_Urban_Affairs/SBHUA_-_July_19,_2007_Fed_Reserve/CHRG-110shrg46629--138.txt This hearing provides the Congress a very important opportunity to have an open and detailed discussion about the Fed 's monetary policy goals and their implementation . CongressionalHearings/Dodd-Frank/CHRG-111shrg51290/CHRG-111shrg51290--11.txt Second , to address systemic risk , we propose that the Federal Reserve Board be authorized as a market stability regulator . CongressionalHearings/Dodd-Frank/CHRG-111hhrg52406/CHRG-111hhrg52406--39.txt Mr. Yingling , '' Thank you , Mr. Chairman , Mr. Bachus , and members of the committee for inviting me to testify on behalf of the banking industry . CongressionalHearings/Dodd-Frank/CHRG-111hhrg52406/CHRG-111hhrg52406--31.txt The National Securities Markets Improvement Act of 1996 preempted State authority in key areas where the States protected investors . CongressionalHearings/Dodd-Frank/CHRG-111hhrg52406/CHRG-111hhrg52406--31.txt I support the proposal to strengthen the U.S. Securities and Exchange Commission that will enable the SEC , along with the States , to oversee the securities markets and to protect consumers . CongressionalHearings/Dodd-Frank/CHRG-111shrg54789/CHRG-111shrg54789--189.txt Poor regulation of abusive credit products by Federal regulators over many years has led to exactly the result that Mr. Yingling and Mr. Wallison are concerned about : credit rationing . CongressionalHearings/MonetaryPolicy/Senate_Banking,_Housing_and_Urban_Affairs/SBHUA_-_July_22,2009_Fed_Reserve/CHRG-111shrg55117--3.txt While it is important to bring stability to the financial sector , if the part of our economy most responsible for job creation -- that is , small business -- can not obtain funding , Mr. Chairman , such stability I believe would be short-lived . CongressionalHearings/Dodd-Frank/CHRG-111hhrg58044/CHRG-111hhrg58044--310.txt And , Mr. Chairman , thank you for holding this hearing about the use of credit reports in areas beyond lending , such as employment and insurance . FCIC/FCICFinalReport/fcic_final_report_full--509.txt $ 66 $ 77 $ 64 $ 77 $ 157 $ 178 $ 619 High LTV $ 32 $ 44 $ 62 $ 61 $ 84 $ 87 $ 159 $ 123 $ 126 $ 120 $ 226 $ 1,124 loans **** Total ***** $ 72 $ 145 $ 154 $ 137 $ 259 $ 415 $ 592 $ 541 $ 547 $ 568 $ 676 $ 4,106 * Total purchases of PMBS for 1997-2001 are known . CongressionalHearings/Dodd-Frank/CHRG-111hhrg56778/CHRG-111hhrg56778--127.txt Mr. Dilweg , '' So in a different scenario , Congressman , where you 're simply paying for IT or services , administrative services . CongressionalHearings/Other/House_Energy_and_Commerce/HEC_-_Consumer_credit_and_debt/CHRG-111hhrg67816--2.txt Unfortunately , there was n't a strong enforcement or regulatory authority at the federal level protecting consumers from these abusive practices . CongressionalHearings/MonetaryPolicy/House_Banking_Committee/HB_-_June_9,_2010_State_of_the_Economy:_View_from_Fed_Reserve/CHRG-111hhrg56847--261.txt Mr. Chairman , the Treasury is pouring money into Fannie and Freddie , keeping it afloat to support the current structure of housing finance . FCIC/FCICFinalReport/fcic_final_report_full--180.txt As Clayton Vice President Vicki Beal explained to the FCIC , firms like hers were `` not retained by -LSB- their -RSB- clients to provide an opinion as to whether a loan is a good loan or a bad loan . '' CongressionalHearings/Dodd-Frank/CHRG-111shrg51303/CHRG-111shrg51303--176.txt OTS will continue to focus on Residential Mortgage Backed Securities exposures and the ultimate performance of underlying mortgage assets . CongressionalHearings/Dodd-Frank/CHRG-111hhrg54868/CHRG-111hhrg54868--136.txt Mr. Dugan , '' We have something called our account management guidance that applies to all credit card providers . CongressionalHearings/Dodd-Frank/CHRG-111shrg56376/CHRG-111shrg56376--127.txt The Treasury Proposal would make these types of firms subject to the Bank Holding Company Act and supervision by the Federal Reserve Board .