Our agent program, the dealers were sponsor of this, supported by the foundation. We just ended our fourth which we are accelerating, we are announcing our fifth. Its a program that takes 25 or 30 individuals working in organizations dedicated to Racial Equity and takes a year long process in trying to develop skills, teach a lesson, build capacity and fellowship that enables better collaboration and equity. Thus the deal with our partners. I will introduce you now from the bookstore. [applause] hello, everybody. Thanks for coming. I owned pages bookshop in the rosedale area near where i am. We are so happy to be here tonight, jodi talked about the book. Hes not read the book. Its an easy read. I think because its so engaging with the characters in the book. Jodi is a Research Professor and New York University previously in the law faculty, she also teaches Bankruptcy Law at columbia law. She selected member of the american law institute, past her member of the Council Relations enough
Dominated with the effects of spatial structural racism. I want to give a shoutout to the deal, who is the sponsor of this, generously supported by the kellogg foundation. We have just ended our fourth cohort which were celebrating. We will be announcing our fifth. But as a Capacity Building and fellowship Building Program that takes 25 or 30 individuals working at organizations dedicated to Racial Equity and takes a yearlong process of trying to develop skills, teach lessons, build capacity and build trust and fellowship that enables better collaboration in advancing Racial Equity. Thats the deal. Our other partner is pages bookstore. We introduce now susan murphy from pages bookstore. [applause] hello everybody. Thanks for coming. So yes, im susan murphy. I own pages book shop which is on grand river, right near where i am. Were so happy to be here tonight and have jody talk about the book. If youve not read the book, its an easy read, i think, because it is so engaging with the char
Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payment assistance programs. Will you commit to not moving forward any rulemaking or other Administrative Changes related to
Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg
Note a quorum is present. We we will hear testimony from e department of education implementation of borrowed eventual. Pursuant to commingle 7c statements are limited to the chair and Ranking Member. I want to thank secretary devos of being with us today and thank her for a green to hold enough time in the schedule all of the members present to have amendments confinements of questions pursuant to house rules. Especially thankful because this cheer im exercise my prerogative to go last in question order so it she were to leave early i wouldnt get to ask questions. I want to thank you for agreeing to stay with us for the fulltime. I recognize myself enough for the purpose of making an opening statement. We are here to examine the department of educations implementation of the borrower defense rule. I want to thank you, madam secretary, for appearing before the committee to discuss this important issue. Borrower defense is a rule grounded in basic fairness. Student borrowers who are def