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Committee Convenes Historic Diversity and Inclusion Subcommittee Hearing
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On Wednesday, the House Financial Services Committee’s Subcommittee on Diversity and Inclusion convened its first hearing to examine diversity trends in the financial services industry, including management-level diversity and diversity among potential talent pools.
Click here for a brief recap of the hearing from Congresswoman Joyce Beatty, Chairwoman of the Subcommittee on Diversity and Inclusion, and here to watch Congresswoman Maxine Waters’, Chairwoman of the House Financial Services Committee, remarks at the hearing.
The Subcommittee on Diversity and Inclusion, created by Chairwoman Waters and led by Chairwoman Beatty, is the first of its kind in Congress, dedicated to looking at diversity and inclusion issues under the Committee’s jurisdiction.
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FSC Dems Hold Credit Bureaus Accountable
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On Tuesday, Committee Democrats convened a hearing entitled, “Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System” to discuss the problems with the consumer credit reporting system and legislative proposals to give credit reporting a comprehensive overhaul and protect certain consumers affected by a shutdown.
Committee Democrats had the opportunity to ask CEOs of the three major credit bureaus some hard-hitting questions.
See MSNBC’s coverage of Rep. Katie Porter’s Q&A below.
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Fed Chairman Testifies at Humphrey-Hawkins Hearing
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On Wednesday, the full Committee convened the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell. See Chairman Powell’s testimony here.
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Chairwoman’s Corner
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FSC March Calendar: This week, Chairwoman Waters announced several Committee hearings for the month of March. See below.
- Wednesday, March 6 at 10:00AM
Full Committee Markup of FY2020 Budget Views and Estimates
- Thursday, March 7 at 10:00AM
Full Committee hearing entitled, “Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau.”
- Tuesday, March 12 at 10:00AM
Full Committee hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo's Pattern of Consumer Abuses.”
- Wednesday, March 13 at 10:00AM
Full Committee hearing entitled, “Preparing for the Storm: Reauthorization of the National Flood Insurance Program.”
- Wednesday, March 13 at 2:00PM
Subcommittee on National Security, International Development and Monetary Policy hearing entitled, “Promoting Corporate Transparency: Examining Legislative Proposals to Detect and Deter Financial Crime.”
- Thursday, March 14 at 9:30AM
Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “Putting Investors First? Examining the SEC’s Best Interest Rule.”
- Tuesday, March 26 at 10:00AM
Subcommittee on Oversight and Investigations hearing entitled, “The Administration of Disaster Recovery Funds in the Wake of Hurricanes Harvey, Irma, and Maria.”
- Tuesday, March 26 at 2:00 PM
Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures.”
Committee activities are finalized once an official notice is issued by the House Financial Services Committee. Visit https://democrats-financialservices.house.gov/ for the most up-to-date Committee schedule.
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