October 2011
Washington, DC – Representative Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, today alerted homeowners who have been the victims of illegal or improper foreclosure related actions to a new online claims process announced today by the Office of the Comptroller of the Currency (OCC).
Washington, DC—Ranking Member Elijah E. Cummings issued the following statement on a new GAO report issued regarding AIG. The report found inconsistent accounts of attempts by the Federal Reserve Bank of New York to negotiate with AIG's counterparties to lower U.S. taxpayer exposure.
Washington, DC – Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, applauded changes to the United States Sentencing Guidelines that go into effect today to increase criminal penalties for so-called "straw purchasers" of firearms.
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Washington, DC —Today, Ranking Member Elijah E. Cummings requested a public hearing with Kenneth Melson, the former Director of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), regarding Operation Fast and Furious.
"A hearing with Mr. Melson would help the Committee and the American people better understand what mistakes were made in Operation Fast and Furious, how these tactics originated, who did and did not authorize them, and what steps are being taken to ensure that they are not used again," wrote Cummings.
Washington, DC – Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, will be honored as the "Federal Champion of the Year" by the Maryland Consumer Rights Coalition. The award will be given today in Columbia, MD.
Cummings will receive the honor for his efforts to address the foreclosure crisis and promote the Consumer Financial Protection Bureau, a financial agency that protects families from unfair, deceptive, and abusive financial practices.
(Washington, DC) – Today, Ranking Member Elijah E. Cummings requested that Chairman Darrell Issa issue so-called "friendly" subpoenas to federal financial regulators to obtain copies of "engagement letters" they have approved between mortgage servicing companies and independent firms hired to review past foreclosure abuses.
Washington, DC —During a meeting today with 19 Members of Congress, Edward DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA), praised a principal reduction proposal by Rep. Zoe Lofgren and pledged to provide an assessment within two weeks of how it could be implemented.
Rep. Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, hosted the meeting with Rep. Dennis Cardoza, Co-Chair of the Housing Stabilization Task Force, to discuss additional measures to address the foreclosure crisis.