CFPB Director Confirms Bureau Does Not Have Regulatory Authority Over Insurance

March 16, 2020 The Senate Committee on Banking, Housing, and Urban Affairs held a Consumer Financial Protection Bureau oversight hearing March 16 for the bureau’s Semi-Annual Report to Congress. Read more

Business of Insurance Regulatory Reform Act to be Introduced

October 28, 2019 Sens. Tim Scott, R-S.C., Joe Manchin III, D-W.Va., and Tammy Baldwin, D-Wisc., plan to introduce legislation that would amend the Consumer Financial Protection Act of 2010 by clarifying the limits of the Consumer Financial Protection Bureau’s... Read more

CFPB Director Testifies Before House, Senate Committees

October 21, 2019 Kathy Kraninger, director of the Consumer Financial Protection Bureau, appeared before the House Financial Services Committee Oct. 16 and the Senate Committee on Banking, Housing, and Urban Affairs the following day to deliver her... Read more

SCOTUS to Conference on Constitutionality of CFPB

October 15, 2019 The nation’s highest court is scheduled to conference this week on a petition challenging the constitutionality of the structure of the Consumer Financial Protection Bureau. What makes this unique is that the CFPB joined the Justice Department in... Read more

CFPB Director Appears Before Senate Banking Committee

March 18, 2019 Consumer Financial Protection Bureau director Kathy Kraninger testified before the Senate Banking Committee on March 12 for the hearing “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” The hearing had a similar feel to a... Read more

House Committee Grills CFPB Director

March 11, 2019 The newly appointed Consumer Protection Financial Bureau director, Kathy Kraninger, appeared before the House Financial Services Committee March 7 for a hearing titled... Read more

SCOTUS Declines CFPB Challenge

January 14, 2019 Efforts to challenge the structure of the Consumer Financial Protection Bureau hit a major roadblock as the United States Supreme Court on Jan. 14 declined to hear a case challenging the bureau’s status as an independent agency. Read more

Senate Confirms Kraninger to Lead CFPB

December 10, 2018 The Senate voted 50-49 along party lines Dec. 7 to confirm Kathleen Kraninger to lead the Consumer Financial Protection Bureau. During a long and tumultuous nomination process, Kraninger, who will succeed Mick Mulvaney acting-CFPB director and... Read more

Senate Advances CFPB Director Nominee to Final Vote

December 3, 2018 The Senate voted along party lines Nov. 30 to limit debate on controversial Consumer Financial Protection Bureau director nominee Kathy Kraninger, a senior official at the Office of Management and Budget. The vote tees up a full Senate confirmation... Read more

Senate Approves Fed Board of Governors Nominee, Prepares to Vote on CFPB Director

November 19, 2018 The Senate voted Nov. 15 to approved Michelle Bowman to be a member of the Board of Governors of the Federal Reserve System by a 64-34 margin. Bowman, Kansas' banking commissioner, is assuming a role the Fed specifically earmarked for either a... Read more

NAMIC Names Moore, Denham 2018 Federal Legislators of the Year

September 26, 2018 The National Association of Mutual Insurance Companies today named Reps. Gwen Moore, D-Wis., and Jeff Denham, R-Calif., as Federal Legislators of the Year during the association's annual convention in... Read more

Senate Banking Committee Holds Nomination for CFPB, Import-Export Bank Leadership

July 23, 2018 Kathleen Kraninger, Consumer Financial Protection Bureau director nominee, and Kimberly Reed, the Export-Import Bank President nominee, appeared before the Senate Committee on Banking, Housing and Urban Affairs on July 18 as part of the confirmation... Read more

NAMIC Board Meets in D.C. With Lawmakers, Administration Officials

July 16, 2018 NAMIC's board of directors will meet with key members of Congress and administration officials to discuss the association's federal agenda during the July 17 board meeting at the... Read more

NAMIC Board to Meet with Lawmakers, Administration Officials

July 9, 2018 NAMIC’s board of directors will be coming to Washington D.C., July 16-17. In addition to the regular agenda, they will meet with many key members of Congress and administration officials. During the board meeting, the group will visit with Sens... Read more

Federal Judge Rules CFPB Structure Unconstitutional

June 25, 2018 Judge Loretta Preska of the federal District Court for the Southern District of New York ruled June 21 that the structure of the Consumer Financial Protection Bureau was unconstitutional. Preska's ruling is contrary to the ruling from the Court of... Read more

Trump Names New Nominee to Head CFPB

June 18, 2018 President Trump indicated on June 16 that he would name Kathy Kraninger to serve as the head of the Consumer Financial Protection Bureau. Kraninger currently serves as associate director of the Office of Management and Budget under OMB director and... Read more

Trump Signs CRA Bill Nullifying CFPB Guidance

May 29, 2018 President Trump signed Senate Joint Resolution 57 into law May 21, officially nullifying a guidance issued by the Consumer Financial Protection Bureau regulating indirect auto lenders under the Congressional Review Act. The repeal of the CFPB guidance... Read more

Bipartisan Legislation to Rein In CFPB Introduced in Senate

April 23, 2018 Sens. Tim Scott, R-S.C., and Tammy Baldwin, D-Wis., introduced S. 2702, the Business of Insurance Regulatory Reform Act on April 18 to help clarify and reaffirm that the Consumer Financial Protection Bureau does not have authority over the business... Read more

Senate Votes to Repeal CFPB Guidance Under CRA

April 23, 2018 The U.S. Senate voted April 17 to strike down a Consumer Financial Protection Bureau "guidance" pursuant to the Congressional Review Act by a 50-47... Read more

NAMIC Hails Legislation to Rein in CFPB

April 18, 2018 The National Association of Mutual Insurance Companies today applauded the introduction of bipartisan legislation to protect state insurance regulation from federal encroachment. The legislation was introduced by... Read more

Acting CFPB Director Testifies Before House, Senate Committees

April 16, 2018 Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, presented the 2018 Semi-Annual Report of the CFPB to his former House colleagues April 11 and to the Senate the following... Read more

NAMIC to Provide Feedback to CFPB on Regulations

April 16, 2018 The Consumer Financial Protection Bureau has published a Request for Information on its inherited regulations and rulemaking authorities. The RFI is the ninth in a series that solicits public feedback on the bureau's operations and the regulations for... Read more

Mulvaney to Report on CFPB Before House, Senate Committees

April 9, 2018 Mick Mulvaney, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau, will testify in the latter role before Congress to present CFPB’s required semi-annual report. Mulvaney has long been an ... Read more

CFPB Structure Ruled Constitutional by Appellate Court

February 5, 2018 The U.S. Court of Appeals for the District of Columbia Circuit upheld the structure of the Consumer Financial Protection Bureau in a Jan. 31 ruling in the case of PHH Corporation, et al v. CFPB, but the... Read more

Mulvaney Signals New Direction, Restraint for CFPB

January 29, 2018 The Consumer Financial Protection Bureau is moving in a new direction. The agency created by the Dodd-Frank Wall Street Reform Act was created to be the great protector of consumers in the financial... Read more

House Panel Passes CFPB Reform Bill

January 22, 2018 The House Financial Services Committee voted to approve H.R. 3746, the Business of Insurance Regulatory Reform Act, during a Jan. 17 markup of multiple pieces of... Read more

NAMIC Lauds Committee Passage of Bill to Protect State Regulation From CFPB

January 18, 2018 The National Association of Mutual Insurance Companies praised the House Financial Services Committee today for its bipartisan vote to pass legislation that would further protect state-based insurance regulation... Read more

Trump Administration Seeks NAMIC Input on NARAB

January 16, 2018 NAMIC attended a meeting at Treasury on Jan. 10 to discuss the National Association of Registered Agents and Brokers. This organization was created by Congress to streamline licensing for agents and... Read more

House Panel to Vote on CFPB Reform Bill

January 16, 2018 The House Financial Services Committee will hold a markup of numerous pieces of legislation Jan. 17, among them HR 3746, the Business of Insurance Regulatory Reform Act., introduced by Reps. Sean... Read more

Key House Financial Services Committee Staffer Heads to CFPB

January 8, 2018 Although Office of Management and Budget Director Mick Mulvaney is firmly installed as the acting director at the Consumer Financial Protection Bureau, the future leadership of the Bureau is still... Read more

ICYMI: NAMIC President and CEO on Winning the Tax Reform Debate

January 8, 2018 As the first major tax reform legislation in decades becomes law, NAMIC President and CEO Chuck Chamness offered his perspective on NAMIC and the property/casualty insurance industry's success in... Read more

Trump’s Pick Mulvaney Wins in Court on Appointment at CFPB

December 4, 2017 In a much-expected win for the Trump administration, U.S. District Court Judge Timothy Kelly on Nov. 27 denied a request for a temporary restraining order to block... Read more

CFPB Head Announces Resignation

November 20, 2017 Richard Cordray, director of the Consumer Financial Protection Bureau, announced to his staff Nov. 15 that he will be leaving by the end of November... Read more

Trump Signs Measure Killing CFPB Arbitration Ban

November 6, 2017 President Donald Trump signed H.J. Res 111 on Nov. 1, effectively killing the arbitration rule issued by the Consumer Financial Protection Bureau... Read more

Senate Votes Down CFPB Arbitration Rule

October 30, 2017 Read more

House Bill Introduced to Protect State Insurance Regulators From CFPB Encroachment

September 18, 2017 Reps. Sean Duffy, R-Wis., chairman of the House Financial Services Subcommittee on Housing and Insurance, and Gwen Moore, D-Wis., introduced H.R. 3746, the Business of Insurance Regulatory Reform... Read more

Staff Report Suggests Contempt Actions for CFPB Director

August 7, 2017 The majority staff of the House Committee on Financial Services issued a report on Aug. 4 concluding that there is ample basis to proceed against Consumer Financial Protection Bureau director... Read more

House Adopts Resolution to stop Consumer Financial Protection Bureau Arbitration Ban

July 31, 2017 The House of Representatives voted on a Congressional Review Act resolution July 25 to nullify the Consumer Financial Protection Bureau’s rule prohibiting mandatory arbitration clauses... Read more

In the Nation: Former NAMIC Chairman Testifies to Congress on Covered Agreement; House Committee Advances CHOICE Act; FIO Now Accepting TRIA Reporting Despite NAIC Effort

May 18, 2017 Former NAMIC Chairman Stu Henderson testified before the Senate Banking Committee on May 2 during a hearing held on the U.S.-EU covered agreement. Senators were receptive to Henderson’s message that the agreement would be detrimental to companies ... Read more

House Panel Votes to Advance Financial Regulatory Reform Bill

May 8, 2017 House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and committee members voted May 4 to advance sweeping legislation designed to roll back and reform much of the... Read more

House Financial Services Committee Holds Series of Hearings

April 3, 2017 The House Financial Services Oversight and Investigations Subcommittee heard testimony from four witnesses March 28 on “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process.”  Witnesses were... Read more

Department of Justice Challenges the CFPB

March 20, 2017 The Department of Justice intervened in a federal appeals court case March 16, arguing in an amicus brief that the structure of the CFPB is improper. In October, a three-judge panel of the U.S. Court of Appeals for the District of... Read more

House Financial Services Committee Set to Adopt Budget Views, Estimates

February 27, 2017 The House Financial Services Committee will hold a markup Feb. 28 to adopt the committee's Budget Views and Estimates. The House Budget Committee has... Read more

House Financial Services Committee Passes Authorization, Oversight Plan for 115th Congress

February 13, 2017 The House Financial Services Committee held a markup Feb. 7 during which the full House Financial Services Committee adopted and approved the outline for the issues the committee will look to address in the 115th Congress. As expected, the... Read more

Presidential Actions Tracker

February 6, 2017 Following his Jan. 30 Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs that requires any new regulations to repeal two existing regulations, President Donald Trump on Feb. 3 signed the Presidential Executive Order on... Read more

FIO Releases Report on Consumer Protections

November 28, 2016 The Federal Insurance Office published a "Report on the Protection of Consumers and Access to Insurance" Nov. 21. Though consumer protections have been referenced in several of the FIO's annual reports on the U.S. insurance... Read more

Court Finds CFPB Structure Unconstitutional

October 11, 2016 The U.S. Court of Appeals for the District of Columbia Circuit ruled on Oct. 11 that the structure of the Consumer Financial Protection Bureau is not constitutional, although the court did not shut down the... Read more

Arbitration Onslaught Continues

October 11, 2016 The Centers for Medicare and Medicaid Services published its 713-page final “Reform of Requirements for Long-Term Care Facilities” rule in the Federal Register Oct. 4, which included new regulations that... Read more

Hensarling Unveils CHOICE Act

June 27, 2016 House Financial Services Committee Chairman Jeb Hensarling, R-Texas, released language June 24 for legislation titled the CHOICE Act, which would serve as an alternative to the Dodd-Frank Act in the form of... Read more

NAMIC Hails Hensarling's Financial Choice Act

June 7, 2016 The National Association of Mutual Insurance Companies welcomed the proposal for significant reform of the financial regulations enacted under the Dodd-Frank Act announced today by... Read more

Hensarling to Outline Legislation to Replace the Dodd-Frank Act

June 6, 2016 House Financial Services Committee Chairman Jeb Hensarling will outline a Republican legislative proposal June 7 that would ultimately reform and replace parts of the Dodd-Frank Act of 2010. Hensarling will provide an outline of... Read more

House Financial Services Committee Criticizes CFPB's Arbitration Proposed Rule

May 23, 2016 The House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing May 18 titled "Examining the CFPB's Proposed Rulemaking on Arbitration: Is it in the Public Interest for the... Read more

House Financial Services Committee Examines CFPB's Arbitration Proposed Rule

May 16, 2016 The House Financial Services Subcommittee on Financial Institutions and Consumer Credit will conduct a hearing May 18 on the Consumer Financial Protection Bureau's efforts to ban mandatory arbitration provisions in... Read more

CFPB Proposes Banning Mandatory Arbitration Clauses

May 9, 2016 The Consumer Financial Protection Bureau released a notice of proposed rulemaking May 5 that would bar the use of class-action waivers in consumer arbitration agreements for those financial services products the bureau... Read more

House of Representatives Votes on Financial Reform Legislation

April 18, 2016 The House Financial Services Committee voted April 13 to pass two pieces of legislation, the Taking Account of Bureaucrats' Spending Act of 2015, H.R. 1485, and H.R. 4894, which reflects the majority party's messaging on repealing the Dodd-Frank Act. H.... Read more

House to Take Action on Financial Reform Legislation

April 11, 2016 The House of Representatives returns from its two-week in-district working period with plans to move a number of financial services reform bills. The House Financial Services Committee will hold a mark-up at 10 a.m. on April 13 on two pieces of legislat... Read more

As Senate Returns, Banking Committee Has Full Agenda

April 4, 2016 After having a light calendar for the first several months of the year, the Senate Committee on Banking, Housing, and Urban Affairs returns today with plans to hold two hearings and vote on nominations this week. The committee will hold a hearing titled... Read more

House Financial Services Committee Questions Treasury Secretary on International Financial System

March 28, 2016 The House Financial Services Committee was addressed by Treasury Secretary Jack Lew at a March 22 hearing titled “The Annual Testimony of the Treasury Secretary on the State of the... Read more

House Financial Services Committee to Hear From CFPB Director

March 14, 2016 The House Financial Services Committee will hold a hearing March 16 titled “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” The CFPB is required to report semi-annually to the House Financial Services Committee and Senate Banking... Read more

House Financial Services Committee to Hold Hearing With FSOC Members

December 7, 2015 The House Financial Services Committee will receive testimony and have an opportunity to question eight of the voting members of the Financial Stability Oversight Council at a Dec. 8 hearing. While Jacob Lew, secretary of the Treasury, and Janet Yellen,... Read more

Financial Services Oversight Panel Questions FSOC on Due Process, Transparency in Designating Insurers as SIFIs

November 23, 2015 The House Financial Services Subcommittee on Oversight and Investigations held a hearing Nov. 19 titled “Oversight of the Financial Stability Oversight Council: Due Process and Transparency in Non-Bank SIFI Designations.” Testifying at the hearing was J... Read more

House to Vote to Rein in CFPB on Disparate Impact

November 16, 2015 The House is expected today to pass H.R 1737, the Reforming CFPB Indirect Auto Financing Guidance Act, as a means of undoing an attempt by the Consumer Financial Protection Bureau to further expand the use of disparate impact theory. Introduced in April... Read more

House Financial Services Committee Marks Up 5 Bills

October 5, 2015 The full House Financial Services Committee marked up and passed five bills Sept. 30, which were then sent to the full House for consideration. Two of those bills were supported by NAMIC prior to mark up. The first piece of legislation to report on is t... Read more

Senate Banking Committee appoints investigative team

April 27, 2015 New for the current Congress, Senate Banking Committee Chairman Richard Shelby, R-Ala., has established an investigative team to look into a range of issues from financial regulation to insurance fraud. The move is not a surprise as Shelby has long want... Read more

In the Nation: Congress Weighs In on International Capital Discussions, SIFI Designations; Consumer Financial Protection Bureau Leadership Changes Contemplated; Yellen Hearing at Congress

March 12, 2015 Following the enactment of the Insurance Capital Standards Clarification Act in December 2014, the chairman and ranking member of the U.S. House Financial Services Subcommittee on Housing and Insurance issued a letter to the Federal Reserve in appreciat... Read more

House Republicans Introduce Onslaught of Bills to Reform the CFPB

March 9, 2015 A number of Republicans on the House Financial Services Committee introduced seven pieces of legislation intended to rein in the Consumer Financial Protection Bureau. As NAMIC noted at the beginning of the year, the House Financial Services Committee in... Read more

House Financial Institutions Subcommittee Chairman Neugebauer to Introduce CFPB Bill

March 4, 2015 Members of the Republican Party in the House of Representatives continue to focus on the Consumer Financial Protection Bureau in the 114th Congress. The House has already passed legislation to clarify and amend the Dodd-Frank Act despite a veto threat f... Read more

Federal Regulatory Comments Under Consideration

February 2, 2015 The following are federal regulatory initiatives on which NAMIC is considering commenting. Please contact Tom Karol if you’d like to know more. The Federal Motor Carrier Safety Administration is considering extending the minimum financial responsibility... Read more

NAMIC Comment to CFPB Noting Insurance is Excluded from CFPB Jurisdiction under DFA

October 22, 2014 In May 2014, NAMIC filed comments with the CFPB on Proposed Amendment to the Annual Privacy Notice Requirement, noting that "the business of insurance" was specifically and clearly excluded from the CFPB’s authority and that any final CFPB rules should ... Read more

NAMIC Comments on CFPB Database Proposal

October 22, 2014 In May 2011, NAMIC filed comments on a proposed CFPB database system to house complaints regarding consumer financial products and services. NAMIC urged the CFPB to respect the statutory boundaries of the DFA and to forward such inquiries, complaints an... Read more

Senate Banking Committee to Hold Hearing on Wall Street Reform

September 8, 2014 The Senate Banking Committee will hold a hearing Sept. 9 titled “Wall Street Reform: Assessing and Enhancing the Financial Regulatory System.” Since the Federal Insurance Office was created under the Dodd-Frank Reform Act and given powers to represent t... Read more

Supreme Court Checks Administration Authority With ‘Recess Appointment’ Ruling

June 30, 2014 In these days of legislative gridlock, perhaps the greatest federal threat to the property/casualty insurance industry comes not from Capitol Hill, but instead from the myriad federal agencies seeking to expand their regulatory powers. The most notable ... Read more

Financial Services Committee to Hold Two Hearings on CFPB This Week

June 16, 2014 The House Financial Services Committee will hold two hearings June 18 on the Consumer Financial Protection Bureau, continuing its dogged oversight of the CFPB’s transparency and accountability. The full committee will hold a hearing at 10 a.m. titled “T... Read more

House Panel to Consider Legislation on CFPB, FSOC Transparency

June 9, 2014 The House Financial Services Committee will continue on June 10 with the markup of 15 bills related to capital formation, the Consumer Financial Protection Bureau, the Financial Stability Oversight Council, and other issues. While NAMIC worked hard to e... Read more

NAMIC Welcomes CFPB Effort on Privacy Notice Requirements

June 9, 2014 NAMIC submitted comments to the Consumer Financial Protection Bureau on a proposed amendment to the Annual Privacy Notice Requirement under the Gramm-Leach-Bliley Act. The letter commended the proposed amendments as an antidote for unnecessary restricti... Read more

Discrimination Hearing Highlights Accountability Issues at CFPB

April 7, 2014 The House Financial Services Subcommittee on Oversight and Investigations held a hearing April 2 titled “Allegations of Discrimination and Retaliation within the Consumer Financial Protection Bureau.” Leading up to the hearing committee staff had receiv... Read more

CFPB Faces Continued Scrutiny, Allegations of Discrimination

March 31, 2014 As NAMIC reported last week, the Consumer Financial Protection Bureau has been mired in controversy over its lack of transparency and accountability to Congress as it takes various actions based on disparate impact theory. The House Financial Services O... Read more

CFPB Challenged on Transparency

March 24, 2014 The Consumer Financial Protection Bureau, created by the Dodd-Frank Act to serve as an overarching protector of consumer rights, has come under increasing congressional fire for an alleged lack of transparency. NAMIC was successful in stopping the reach... Read more

Dodd-Frank Implementation Still an Issue in Federal Funding Legislation

January 13, 2014 After weeks of negotiating talks, senior appropriators are expected to unveil a $1.012 trillion fiscal 2014 omnibus on Jan. 13 that would fund agencies with new spending plans through Sept. 30, 2014. The current resolution expires Jan. 15, and even thou... Read more

CFPB Goes After Mortgage Insurers

April 9, 2013 The Consumer Financial Protection Bureau announced on April 4 that it had reached a $15.4 million settlement with four mortgage insurance companies over an investigation into whether mortgage insurers paid millions of dollars in kickbacks to home lender... Read more

More Federal Regulatory Appointments

January 29, 2013 President Barack Obama has nominated former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, which is implementing most of the rules as part of the Dodd-Frank. The president also re-nominated Richard Cordray to continue a... Read more

NAMIC CEO Testifies Before Congress

July 31, 2012 NAMIC President and CEO Charles M. Chamness, as the sole representative of the property/casualty insurance industry, testified at a July 24 hearing on the impact of the Dodd-Frank Act on the industry as it ends its second year of implementation. In test... Read more

CFPB Posts Consumer Complaints Online, Property/Casualty Companies Not Included

June 26, 2012 The Consumer Financial Protection Bureau launched a public database last week, containing the names of credit card companies about which consumers have filed complaints. Now, the CFPB is seeking permission to post on the site every complaint that it has... Read more

Tom Karol Joins NAMIC’s Washington Office as Federal Affairs Counsel

February 7, 2012 Tom Karol has joined the NAMIC’s Washington staff as federal affairs counsel. In his new role, Karol will represent NAMIC before Congress and federal administrative agencies and support our advocacy efforts along with legal and policy research. Among th... Read more

New CFPB Director Cordray Testifies Before Senate

January 31, 2012 Richard Cordray, director of the Consumer Financial Protection Bureau, testified this morning before the Senate Banking Committee. The hearing, titled “Holding the CFPB Accountable: Review of the First Semi-Annual Report,” provided the Senate with the o... Read more

Business Groups File Legal Challenge to CFPB Appointment

January 24, 2012 President Obama’s recent recess appointments have caused significant political backlash, and the matter is far from settled. The president used his recess appointment authority on Jan. 4 to name Richard Cordray to head the newly created Consumer Financi... Read more

NAMIC Comments on Recess Appointment of CFPB Head

January 4, 2012 “Today’s announcement that the president will name Richard Cordray to head the Consumer Financial Protection Bureau is disappointing. Members of the Senate have raised legitimate concerns about the structure and authority of the CFPB, and its potential ... Read more

President to Nominate New Head of Consumer Financial Protection Bureau

January 4, 2012 Today in Cleveland, President Obama announced that he would be using a recess appointment to name Richard Cordray the head of the recently created Consumer Financial Protection Bureau. This move bypasses the Senate’s confirmation authority for that posi... Read more

NAMIC Continues to Shape Dodd-Frank Implementation

December 20, 2011 In the two years following the recent financial crisis, NAMIC’s advocacy efforts in Washington, D.C., were necessarily legislative in focus. However, following the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, the fed... Read more

FORMER NAMIC CHAIR TALKS JOBS, ECONOMY ON CAPITOL HILL

December 5, 2011 NAMIC Former Chair Sandy Parrillo, President and CEO of Providence Mutual Fire Insurance is on Capitol Hill today participating in a GOP Women’s CEO Roundtable to discuss jobs and the economy. Parrillo was one of only six female CEOs invited to partake ... Read more

Head Them Off!

November 22, 2011 The other day I saw an ad for the classic Clint Eastwood movie “The Outlaw Josey Wales.” It’s one of my favorites and was named one of Time magazine’s Top 10 best films for the year 1976. As I thought about the movie, I was reminded of a scene that exem... Read more

House Subcommittee Holds Hearing on Consumer Financial Protection Bureau

November 8, 2011 The House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing Nov. 2 titled “The Consumer Financial Protection Bureau: The First 100 Days.” The hearing featured a single witness, Raj Date , special advisor to the... Read more

Senate to Vote on Key Dodd-Frank Nominations

August 30, 2011 As the annual August congressional recess comes to a close, the Senate Banking Committee is turning its attention to holding confirmation hearings on key Obama administration nominees to fill important vacancies created by the Dodd-Frank Act. In July, t... Read more

Senate Committee to Vote on Nomination of ‘Insurance Expert’ for FSOC

July 25, 2011 Tomorrow, July 26th, the Senate Banking Committee will be holding a confirmation hearing on S. Roy Woodall’s nomination as the voting representative for insurance on the Financial Stability Oversight Council (FSOC). For several months, NAMIC criticized ... Read more

Obama Nominates Cordray to Head CFPB

July 19, 2011 President Obama on Monday officially nominated former Ohio Attorney General Richard Cordray to serve as head of the newly formed Consumer Financial Protection Bureau. Cordray, who lost a re-election campaign last year, had already been hired to serve as... Read more

House to Hold Hearing on Consumer Financial Protection Bureau

April 12, 2011 On Wednesday, April 6, the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled “Legislative Proposals to Improve the Structure of the Consumer Financial Protection Bureau.” This hearing i... Read more