“Strong oversight” of at least two federal financial regulators has been highlighted for the fall by the House committee with oversight over agencies and financial institutions, the panel’s chairwoman said Friday in a release.
House Financial Services Committee Chairwoman Maxine Waters (D-Calif.), in outlining the committee’s fall 2019 priorities, said the committee would receive testimony from Consumer Financial Protection Bureau (CFPB) Director Kathleen (“Kathy”) Kraninger, Federal Reserve Board Vice Chairman for Supervision Randal Quarles, Treasury Secretary Steven Mnuchin, and Federal Housing Finance Agency (FHFA) Director Mark Calabria.
Kraninger, Quarles and Mnuchin will be presenting mandated-by-statute semiannual reports to the committee (as well as the Senate Banking Committee).
Waters also said the committee this fall would (among other things):
- analyze innovations in loan instruments;
- examine the state of minority depository institutions;
- examine the Terrorism Risk Insurance Program;
- explore data privacy;
- examine the use of artificial intelligence in financial services; and
- review the evolution of payments and cash.