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BUSINESS
August 21, 2007 | Marc Lifsher, Times Staff Writer
sacramento -- With California facing its highest foreclosure rate in 20 years, consumer advocates are pressing the state Legislature to tighten standards used by lenders for approving loans and help consumers already in danger of losing their homes. The state Senate Banking, Finance and Insurance Committee is holding a public hearing today on the mortgage meltdown, ensuing credit squeeze, their effect on California and what new laws are needed.
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BUSINESS
September 6, 2007 | Jonathan Peterson, Times Staff Writer
A U.S. Treasury official warned Wednesday that fallout from the country's mortgage problems would continue and the chairman of the Senate Banking Committee unveiled a plan to overhaul fair-lending rules. "The ultimate impact of these events on the economy has yet to play out," Treasury Undersecretary Robert Steel testified at a hearing of the House Financial Services Committee. "I do want to caution policymakers that this process is far from over."
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BUSINESS
September 6, 2007 | Jonathan Peterson, Times Staff Writer
A U.S. Treasury official warned Wednesday that fallout from the country's mortgage problems would continue and the chairman of the Senate Banking Committee unveiled a plan to overhaul fair-lending rules. "The ultimate impact of these events on the economy has yet to play out," Treasury Undersecretary Robert Steel testified at a hearing of the House Financial Services Committee. "I do want to caution policymakers that this process is far from over."
BUSINESS
August 21, 2007 | Marc Lifsher, Times Staff Writer
sacramento -- With California facing its highest foreclosure rate in 20 years, consumer advocates are pressing the state Legislature to tighten standards used by lenders for approving loans and help consumers already in danger of losing their homes. The state Senate Banking, Finance and Insurance Committee is holding a public hearing today on the mortgage meltdown, ensuing credit squeeze, their effect on California and what new laws are needed.
BUSINESS
February 15, 1989 | PAUL HOUSTON, Times Staff Writer
When it comes to accepting campaign money from groups representing financial institutions, Rep. David Dreier (R-La Verne), a member of the House Banking, Finance and Urban Affairs Committee, wants to be fair. So he gives the green light to everybody--banks, savings and loans, credit unions and others.
BUSINESS
September 21, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
Senate Banking Committee Democrats accused Bush Administration officials Thursday of harboring "conflicts of interest" in their management of the escalating savings and loan crisis. Waving copies of a five-year-old lawsuit unearthed by committee staff members, Sen. Timothy Wirth (D-Colo.) asked the official in charge of the S&L cleanup why his agency hired a San Diego accounting firm once sued for negligence in the collapse of San Marino Savings & Loan.
NEWS
January 7, 1993 | GLENN F. BUNTING, TIMES STAFF WRITER
Two first-year women senators, Dianne Feinstein (D-Calif.) and Carol Moseley Braun (D-Ill.), were selected Wednesday to break the all-male stronghold on the Senate Judiciary Committee. More significant for California, Feinstein was granted her first choice for a seat on the highly coveted Committee on Appropriations. The panel controls the purse strings of the Senate and traditionally steers lucrative federal projects to the home states of its members.
NEWS
January 7, 1993 | GLENN F. BUNTING, TIMES STAFF WRITER
Two first-year women senators, Dianne Feinstein (D-Calif.) and Carol Moseley Braun (D-Ill.), were selected Wednesday to break the all-male stronghold on the Senate Judiciary Committee. More significant for California, Feinstein was granted her first choice for a seat on the highly coveted Committee on Appropriations. The panel controls the purse strings of the Senate and traditionally steers lucrative federal projects to the home states of its members.
BUSINESS
September 21, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
Senate Banking Committee Democrats accused Bush Administration officials Thursday of harboring "conflicts of interest" in their management of the escalating savings and loan crisis. Waving copies of a five-year-old lawsuit unearthed by committee staff members, Sen. Timothy Wirth (D-Colo.) asked the official in charge of the S&L cleanup why his agency hired a San Diego accounting firm once sued for negligence in the collapse of San Marino Savings & Loan.
BUSINESS
February 15, 1989 | PAUL HOUSTON, Times Staff Writer
When it comes to accepting campaign money from groups representing financial institutions, Rep. David Dreier (R-La Verne), a member of the House Banking, Finance and Urban Affairs Committee, wants to be fair. So he gives the green light to everybody--banks, savings and loans, credit unions and others.
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