On October 6, on behalf of the Financial Stability Oversight Council, Treasury Secretary Geithner testified before the Senate Banking Committee and the House Financial Services Committee, outlining the conclusions and recommendations made by FSOC in its first annual report, which was released in July. Geithner Testimony.
Senate Banking Committee
Senate Hearing on the State of the Securitization Markets
On May 18, the Senate Banking Committee held a hearing on the state of the securitization markets. Senate Hearing.
Senate Hearing on Dodd-Frank Implementation
On February 17, the Senate Banking Committee held a hearing on the progress and implementation of the Dodd-Frank Act, including testimony by Fed Chairman Bernanke, FDIC Chairman Bair, FDIC Chairman Shapiro, SEC Chairman Gensler, and CFTC Chairman Walsh.
Congressional Foreclosure Hearings
On November 16, the Senate Banking Committee and on November 18, the House Financial Services Committee held hearings on issues in mortgage servicing, including foreclosure, robo-signing, loss mitigation, and chain of title. Senate Hearing Testimony. House Hearing Testimony.