Financial Services
Today, I want to bring your attention and awareness to criminal “government grant scams” that prey on vulnerable Americans. This time of year we must remain hyper-vigilant.
Government grant scams have been around for years and will continue to exist. This is partly because many people lack experience with grant systems and procedures. In a common government grant scam, a caller will typically do three things:
This week in DC we finally reauthorized the Export-Import Bank, the government agency that provides loans and insurance in support of the export of American goods and services. On Tuesday, I voted, along with 312 other Democratic and Republican colleagues in the House, to pass H.R. 597, a bipartisan bill to reauthorize the job-creating Export-Import Bank.
WASHINGTON, D.C. –Today, Congressman Cleaver called for immediate action to reauthorize the Export-Import Bank and protect American jobs. The charter of the Ex-Im Bank, a key support for American workers and American businesses looking to sell their goods overseas, expires on June 30 – in just one legislative day. Yesterday, instead of taking action on this legislation, the House of Representatives held its 60th vote to repeal or undermine the Affordable Care Act. House Republicans are planning to recess for the month on Thursday, allowing the charter to expire.
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Congressman Cleaver speaks at Baker Hostetler's Annual Legislative Conference |
On the Farm and in Committee
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Congressman Cleaver joins Commissioner Bowen at Garrett Riekhof's |
"The Future of Financial Services and Insurance: Risk and Regulation at Home and Abroad" will be broadcast live here.
Today, in remarks to the Consumer Financial Protection Bureau (CFPB), Congressman Emanuel Cleaver, II (D-MO) commended the Bureau in its effort to make markets for consumer financial products and services work for all Americans, and urged the CFPB to remain steadfast in efforts to protect consumers.
Missouri's Fifth District is what I like to call a microcosm of our country. Our urban and rural communities depend on and derive strength from one another in a symbiotic, beneficial relationship. We have a vibrant city center so cool that the Huffington Post named it the coolest city in America. We have abundant farmland where our farmers grow soybeans and corn, and ranchers tend livestock. We have beautiful and welcoming suburbs where families flourish.
After a personal call with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray, U.S. Congressman Emanuel Cleaver today announced that the CFPB will propose changes to existing mortgage rules to promote responsible lending by small creditors, especially in rural and underserved areas. If finalized, the proposal would increase the number of financial institutions able to offer certain kinds of mortgages in rural and underserved areas, and help small creditors adjust their business practices to comply with the new rules.