With contributions from Maria Wolvin and Ben Marsico.
It’s back to work for lawmakers in the nation’s capital as their monthlong recess comes to an end next week, and representatives overseeing financial services already have their priorities set for the fall.
In a statement, Rep. Maxine Waters, D-Calif., chair of the House Financial Services Committee, recently announced an overview of the committee’s agenda, which includes hearings on the state of minority depository institutions, stock buybacks and innovations in loan instruments.
Waters also announced that the committee would continue work on Facebook’s proposed cryptocurrency and digital wallet, and receive testimony from top government officials and regulators such as Treasury Secretary Steven Mnuchin and Federal Reserve Vice Chairman Randal Quarles.
While some subcommittees will be engaged in hearings this week, the full committee will assemble for the first time on Sept. 10.
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Benjamin Glick is ACG Global’s marketing and communications associate.