Joint Oversight Hearing Scheduled Regarding Dodd-Frank Act Impacts

The Assembly Banking and Finance and the Senate Banking and Financial Institutions Committees will be holding an oversight hearing on March 23. According to the Assembly Daily File, the purpose of the hearing is to consider “intial reactions, initial steps, and likely impacts”. The witness list includes the Commissioners of the Departments of Corporations, Financial Institutions, and Real Estate. Testimony is also expected from the California Attorney General’s office, Consumers Union, and several trade associations, including the Securities Industry and Financial Markets Association (SIFMA), the California Mortgage Bankers Association, and the California Bankers Association.

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