This week the House Financial Services Committee will continue plugging away at a gigantic markup of the financial regulatory reform legislation it has produced. The committee will carry on with its debate over a proposed consumer products regulator and then move on to investor protection. If the past two days’ worth of markups is any indication, the partisan divide will dominate. Regulators will be busy this week too, with a Federal Deposit Insurance Corp. board meeting and appearances by Federal Reserve officials.


The Consumer Bankers’ Association’s two-day fair lending conference begins today. It is being held at the Omni Shoreham Hotel. Fed Consumer and Community Affairs Director Sandra Braunstein will address attendees at a lunch starting at 12pm.

Fed Chairman Ben Bernanke will address the San Francisco Fed’s Asia economic policy conference at 11am Pacific Time. His talk will deal with Asia and the global financial crisis.


Financial Services Chairman Barney Frank, D-Mass., will reconvene his committee to continue the markup on the bill to create a consumer financial products regulator. The markup will likely last through the day and into Wednesday.

The Senate Banking Committee will hold a 9:30am hearing on the state of the housing market. First, Sen. Johnny Isakson, R-Ga., will testify. Housing and Urban Development Secretary Shaun Donovan will follow him on a separate panel. The committee is planning a third panel as well but witnesses have yet to be announced.


Fed Governor Daniel Tarullo will speak at the Exchequer Club’s luncheon at 1pm at the St. Regis Hotel. In the afternoon, the Fed’s beige book report on the economy is scheduled to be released.

The House Agriculture Committee will convene at 2pm to consider its derivatives legislation.


The FDIC is holding a board meeting at 10am to discuss a privacy rule under the Gramm-Leach-Bliley Act and to vote on a final resolution regarding the Temporary Liquidity Guarantee Program.

Financial Services is tentatively scheduled start marking up its investor protection bill.

The Fed’s Consumer Advisory Council will meet at 9am.

Assistant Treasury Secretary Herb Allison, Jr. will testify before the Congressional Oversight Panel on Tarp in a hearing beginning at 10am.


Bernanke will appear at the Boston Fed’s conference “After the Fall: Re-evaluating Supervisory, Regulatory and Monetary Policy.” At 8:30am he’ll discuss post-crisis regulation and supervision. At 11:30am, Fed Vice Chair Don Kohn will give the international perspective on the response to the financial crisis.

Both Frank and FDIC Chairman Sheila Bair will address a conference on the underbanked hosted by Pew Trust Institute, the New America Foundation and the Center for Financial Services. The conference begins at 8am. Frank is speaking at 8:10am. Bair is speaking at 11:30am.