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On Friday, the House Financial Services Committee held a hearing entitled "Executive Compensation Oversight after the Dodd-Frank Wall Street Reform and Consumer Protection Act"
Yesterday, the Securities and Exchange Commission ("SEC") charged Citigroup with misleading investors concerning the company's exposure to subprime mortgage-related assets
Today, a consortium of interested trade associations, including the American Bankers Association, the Financial Services Roundtable and the Mortgage Bankers Association, sent a letter to Senators Christopher J. Dodd (D-CT) and Richard C. Shelby (R-AL), the Chairman and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, respectively, urging the Committee to address potential systemic risks posed by accounting standards in the consideration of the Senate’s comprehensive financial industry reform legislation
