Banking and Bailouts

Washington, D.C.—In light of reports that more than 500 million records have been compromised due to data security breaches in the U.S. financial sector over the past year, Rep. Elijah E. Cummings and Senator Elizabeth Warren sent letters today to 16 banks, investment firms, and other financial service providers requesting information about recent data breaches and seeking detailed briefings from corporate IT security officers.

Washington, DC – Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren, member of the Senate Committee on Banking, Housing and Urban Affairs, called on the Government Accountability Office (GAO) to investigate threats to consumers arising from the growth in non-bank mortgage servicing.

Washington, D.C. (April 29, 2014)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to a Government Accountability Office (G.A.O.) report of the Independent Foreclosure Review (IFR) process:

New Documents Show High Error Rates at Banks, Foreclosure Review Terminated Before Full Harm Revealed

Washington, D.C. (Mar. 13, 2014)—Today, Rep. Elijah E.

Washington, D.C. (Feb. 26, 2014) – Today, Senator Jeff Merkley (D-OR), Chairman of the Banking Committee's Economic Policy Subcommittee, and Representative Elijah E.

Washington, D.C.—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement after meeting with Robert Benmosche, the CEO of American International Group (AIG), who traveled to Washington, D.C. to apologize in person for equating congressional and public criticism of AIG's excessive bonuses during the financial crisis with lynchings in the Deep South: