House Financial Services Committee To Hold Eight Hearings in February
During the month of February, the U.S. House Financial Services Committee will hold eight hearings on an array of topics, including bank partnerships with non-banks, public housing, the Consumer Financial Protection Bureau (CFPB), and monetary policy.
The Committee’s hearing schedule will kick off this week with a quartet of hearings. On February 5 at 10:00 AM, the full committee will convene for a hearing entitled “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.” Later that afternoon, at 2:00 PM, the Subcommittee on Housing, Community Development, and Insurance will hear from a panel of witnesses during a hearing entitled “A Future Without Public Housing? Examining the Trump Administration’s Efforts to Eliminate Public Housing.”
The following day, February 6, the full Committee will convene again for a hearing entitled “Protecting Consumers or Allowing Consumer Abuse? A Semi-Annual Review of the Consumer Financial Protection Bureau.” That afternoon, the Subcommittee on Oversight and Investigations will hold a hearing titled “Fake It ‘Til They Make It: How Bad Actors Use Astroturfing to Manipulate Regulators, Disenfranchise Consumers, and Subvert the Rulemaking Process.”
The following week, the Committee will hold three hearings: “Monetary Policy and the State of the Economy” (Full Committee, February 11 at 10:00 AM); “A Review of Diversity and Inclusion at America’s Largest Banks” (Subcommittee on Diversity and Inclusion, February 12 at 10:00 AM); and “Equitable Algorithms: Examining Ways to Reduce AI Bias in Financial Services” (Task Force on Artificial Intelligence, February 12 at 2:00 PM).
The Committee’s hearing schedule will conclude on February 26 at 10:00 AM, when the Full Committee will convene for a hearing entitled “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps (Part 2).”