U.S. Rep. Frank to scrutinize housing and credit cards
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The chairman of the U.S. House of  Representatives Financial Services Committee will this year  scrutinize the mortgage lending industry and draft new consumer  protections for credit card holders, he said on Friday.
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The Federal Reserve Board and other federal and state regulators announced plans yesterday to review the practices of lenders who are significant players in the troubled subprime home mortgage market, which typically caters to borrowers with blemished credit.
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During a packed hearing on Fannie Mae&#39;s accounting practices last week, Rep. Richard H. Baker (R-La.), a leading critic of the District-based mortgage finance company, displayed a poster
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For a long time, Paul and Amy Woodhull's house on Capitol Hill was a honey pot. Through multiple refinancings over nearly a decade, they pulled out money to fix it up, buy a car, pay down credit cards, buy three other properties and improve them, too.
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The man who blew the whistle to U.S.  regulators about Fannie Mae's accounting practices will appear  before a congressional panel next week, a Capitol Hill aide  said on Tuesday, as the company revealed it had discussed a  possible earnings restatement with regulators.
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A senior House Democrat warned the  Federal Reserve on Wednesday to protect consumers against  unfair banking and mortgage practices or Congress will give  that power to another federal agency.
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Fannie Mae, the US largest government-ruled mortgage lender, sees the continuation of the investigation on possible accounting violations and possible next weekâs testimony of its former employee at a Congressional hearing.
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An inquiry into a sex scandal inolving a former Republican lawmaker begins at the US Congress.
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The former commander of the Walter Reed Army Medical Center and several soldiers who were treated there are slated to appear before a congressional committee on Monday as lawmakers probe poor conditions at part of the service's premier hospital.
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Credit card issuer warns of weak spending and increasing delinquencies.
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The Federal Reserve Board is  weighing whether it should ban some mortgage lending practices  that fueled the recent housing market boom, Fed governor  Randall Kroszner told a panel of lawmakers Wednesday.
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The parliamentary Public Accounts Committee (PAC) on Monday holds the first of three six-hour sittings during which it will scrutinise the procedures used in acquisition of Malta House in Brussels.
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LOS ANGELES, Feb. 9 -- A Republican congressman from California defended his reputation this week, as FBI investigators look into charges that he improperly delayed paying taxes on several lucrative land deals.
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Financial companies were under scrutiny Friday after Sen. John Kerry vowed to push for legislation that would curb credit card fees and protect homebuyers from unfair lending practices.
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Congressman Barney Frank discusses his plans to curb executive pay and boost shareholder power.
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The chief executive and chief  financial officer of mortgage finance company Fannie Mae  FNM.N, under fire for alleged accounting irregularities, will  appear before a congressional panel next week, a company  spokesman said on Wednesday.
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House members want answers from Homeland Security Secretary Michael Chertoff to a number of questions, from how his department manages multibillion-dollar contracts to how it assesses risk and divvies up scarce funds.