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Washington
House hearings address aspects of reform
WASHINGTON (6/22/09)—The House Financial Services Committee and its financial institutions subcommittee have announced hearings this week addressing aspects of the Obama administration’s new regulatory restructuring plan. On Wednesday, members of House Financial Services will explore “Regulatory Restructuring: Enhancing Consumer Financial Products Regulation.” On Thursday the subcommittee on financial institutions and consumer credit will take the focus to “Improving Consumer Financial Literacy under the New Regulatory System.” Also on Thursday, the full committee will take a look at legislative options that could help preserve federal- and state-assisted affordable housing. The panel intends to specifically zero in on preventing the displacement of low-income, elderly and disabled tenants. Witnesses will be announced this week.


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