House Financial Services Committee

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N.Y. AG's office testifies about Equifax data breach to House committee

By Mark Iandolo | Oct 31, 2017

WASHINGTON (Legal Newsline) — New York Attorney General Eric T. Schneiderman announced Oct. 25 that his office has testified before the House Financial Services Committee regarding data security and the Equifax data breach.

CHOICE Act aims to end taxpayer-funded bailouts; opponents argue it guts Dodd-Frank protections

By Jessica Karmasek | May 17, 2017

U.S. Rep. Jeb Hensarling, R-Texas, introduced the Financial CHOICE Act, or H.R. 10, in late April. The bill was advanced by the U.S. House Financial Services Committee, which Hensarling chairs, earlier this month.

Wells Fargo shareholders file class action, allege bank execs ‘concealed’ source of record sales

By Jessica Karmasek | Sep 29, 2016

On Tuesday, the bank, no doubt feeling the pressure from federal lawmakers and others, announced that the independent directors of its Board of Directors have launched an investigation into Wells Fargo’s retail sales practices and related matters. CEO John Stumpf will forfeit his salary and awards -- valued at more than $41 million -- amid the independent investigation.

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