Chairman Spencer Bachus

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  • Free checking being wiped out by Dodd-Frank’s burden
    Oct 4, 2012 - The following article was published this week on the website BankCreditNews.com: Free checking being wiped out by Dodd-Frank’s burden The average required minimum balance for free checking rose to $723 this year, data reported by Bankrate.com showed on Monday. Banks, in response to the economic clim... More
  • Wall Street Journal: A $447 Million Consumer Alert
    Sep 20, 2012 - Oversight and Investigations Subcommittee Chairman Randy Neugebauer writes in today's edition of the Wall Street Journal about the lack of transparency and accountability at the Consumer Financial Protection Bureau, a government bureaucracy created by the Dodd-Frank Act: A $447 Million Consumer Aler... More
  • U.S. Financial Rules Panel Should Improve Transparency, GAO Says
    Sep 13, 2012 - (Bloomberg) -- A panel of U.S. regulators created to monitor financial stability faces challenges in achieving its mission of identifying risks and should improve its transparency, according to a report by the Government Accountability Office. The Dodd-Frank law created the Financial Stability Overs... More
  • U.S. financial risk council could use more sunlight: GAO
    Sep 13, 2012 - (Reuters) - The new U.S. financial risk council should publicly share more details about its closed-door meetings on emerging risks to markets, a congressional watchdog report has found. The Government Accountability Office said the Financial Stability Oversight Council, a group made up of the top U... More
  • Dodd-Frank is aimed at Wall Street. So why is it hurting the construction industry?
    Aug 24, 2012 - More evidence of the unintended consequences of the Dodd-Frank Act: “With passage of the Dodd-Frank law, the banking and financial services industries face uncertainty that has locked credit markets and access to capital. Many companies have viable, low-risk projects or contracts that simply need fu... More
  • Wall Street regulation is felt on Main Street
    Aug 22, 2012 - The following editorial appeared in the Aug. 22, 2012 edition of the Charleston Daily Mail: Wall Street regulation is felt on Main Street In the aftermath of the 2008 financial meltdown, Democrats were in control of both houses of Congress. They passed another law to rein in the banking industry, al... More
  • The Dodd-Frank Threat to U.S. Energy
    Aug 21, 2012 - The following column appeared in the Wall Street Journal on August 17, 2012: The Dodd-Frank Threat to U.S. Energy Intrusive new disclosure rules by the SEC would give state-owned oil firms a big advantage in world markets. By Jack Gerard In a fragile recovery with 8.3% unemployment, you'd think Cong... More
  • The Hill: House Financial Services field hearing looks at effects of Dodd-Frank regulations
    Aug 20, 2012 - Rep. Shelley Moore Capito (R-W.Va.) chaired a House Financial Services subcommittee hearing Monday on how new regulations are affecting financial institutions, particularly those in her home state. The Financial Institutions and Consumer Credit panel held the field hearing in Charleston, W.Va., cour... More
  • 2,400 Miles From Wall Street…
    Aug 14, 2012 - The Idaho Statesman: Idaho Businesses Say They're Jittery Over Economic Climate August 13, 2012 By Bill Roberts Uncertainty over taxes, national debt, growing government regulation and health care reform is hurting business expansion and job creation in Idaho, some Southwest Idaho business owners an... More
  • Chairman Bachus in Wall Street Journal: Financial Advisers, Police Yourselves
    Aug 6, 2012 - By SPENCER BACHUS Bernie Madoff. Matthew Hutcheson. Mark Spangler. If these names don't ring a bell, you are lucky. Reports indicate that thousands of investors lost billions in savings—in some cases an entire lifetime's worth—investing with these financial planners, investment advisers or "retireme... More