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House Committee to Query Financial Regulatory Agencies

US Capitol Dome Houses of Congress Washington DCThe House Financial Services Committee will question representatives of federal financial regulatory agencies during a hearing tomorrow entitled, “Who’s In Your Wallet: Examining How Washington Red Tape Impairs Economic Freedom.”

According to the committee, “This hearing will examine the economic consequences of recent rulemaking, supervisory, and enforcement actions of the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration and the Office of the Comptroller of the Currency on consumers, community financial institutions, the U.S. economy, and our domestic job-creating businesses.”

During the hearing, the committee will investigate how the agencies evaluate costs and benefits of their actions, the products and services no longer being offered to consumers and the resulting impact on consumers, and how agencies determine whether to engage in rulemaking.

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