FEDERALhearing transcript

House Subcommittee Hearing on Financial Consumer Choice

Original title: EXAMINING LEGISLATIVE PROPOSALS TO PRESERVE CONSUMER CHOICE AND FINANCIAL INDEPENDENCE

January 1, 2016

financial regulation consumer protection banking legislative hearing

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The Frame

What this does

The hearing served as a formal venue for industry experts and trade groups to provide input on federal financial regulations that impact the products and services available to consumers.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Financial Institutions

These entities are subject to the federal regulations and legislative proposals discussed during the hearing.

Consumers

The legislative proposals discussed aim to influence the range of financial products and services available to the public.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

This document is the official record of a June 11, 2015, House hearing regarding legislative proposals aimed at preserving consumer choice and financial independence. It includes witness testimony and submitted statements from various banking and industry associations.

Key Facts

The hearing took place on June 11, 2015, before the Subcommittee on Financial Institutions and Consumer Credit.
The hearing focused on legislative proposals related to consumer choice and financial independence.
Four witnesses provided testimony: Oliver Ireland, Brad Miller, Hester Peirce, and Jess Sharp.
The record includes written statements from the American Bankers Association, the Conference of State Bank Supervisors, and the Independent Community Bankers of America.
A joint statement was submitted by nine financial trade associations, including the Credit Union National Association and the Mortgage Bankers Association.
A joint statement was submitted by nine automotive industry associations regarding legislative proposals.

Why It Matters

The hearing served as a formal venue for industry experts and trade groups to provide input on federal financial regulations that impact the products and services available to consumers.

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to examine legislative proposals intended to preserve consumer choice and financial independence within the financial services sector.

Who testified at the hearing?

The witnesses were Oliver Ireland (Morrison & Foerster LLP), Brad Miller (Roosevelt Institute), Hester Peirce (Mercatus Center), and Jess Sharp (U.S. Chamber of Commerce).

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Industry-Wide Coordination

The hearing record shows high levels of coordinated lobbying, with multiple joint statements submitted by large coalitions of financial and automotive trade associations.

American Bankers Association National Automobile Dealers Association

Connected Entities

personRandy Neugebauer“Chairman of the Subcommittee on Financial Institutions and Consumer Credit”Map →

personJess Sharp“Witness, Managing Director at U.S. Chamber of Commerce”Map →

personOliver Ireland“Witness, Partner at Morrison & Foerster LLP”Map →

personHester Peirce“Witness, Director of Financial Markets Working Group at Mercatus Center”Map →

organizationSubcommittee on Financial Institutions and Consumer Credit“The committee conducting the hearing”Map →

personBrad Miller“Witness, former Member of Congress”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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