Ellen Seidman: All Related Content

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Response to Department of Housing and Urban Development and Department of the Treasury Notice and Request for Information

  • and Mortgage Finance Working Group
July 21, 2010

In April 2010, the Department of Treasury and the Department of Housing and Urban Development posted a request for public comment on how to establish "a more stable and sound housing finance system." The comment period closed on July 21, 2010. 

Ellen Seidman of the New America Foundation participated in an informal gathering of policy experts known as the Mortgage Finance Working Group, sponsored by the Center for American Progress.

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Protection vs. Prudence, More Myth Than Reality | American Banker

March 30, 2010

"I think leaving CRA with the regulators is actually a recognition of this issue," said Ellen Seidman, director of the Financial Services and Education Project at the New America Foundation and a former director of the Office of Thrift Supervision. "CRA is an affirmative obligation where consumer protection is not."

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Gov't Bank Regulators Got Big Bonuses Despite Missing Warnings Signs of Crisis| The Associated Press

March 18, 2010

But regulators were part of the problem, and the bonuses were a symptom, said Ellen Seidman, a research fellow at the New America Foundation think tank and ...

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Regulatory Actions Hit A Record Level In '09 | American Banker

March 10, 2010

"It is clear that a lot of banks are having issues relating to not only borrowers having difficulty paying, but vastly declining collateral values," said Ellen Seidman, director of the Financial Services and Education Project at the New America Foundation and a former director of the Office of Thrift Supervision. ...

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Bank of America to Deny Debit Card Overdrafts | USA Today

March 9, 2010

Other banks may follow BofA's lead in refusing debit card overdrafts if they believe most customers won't opt into the service and its fees, says Ellen Seidman, a former director of the Office of Thrift Supervision now at public policy group New America Foundation. ...

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A Housebound Economy | Congressional Quarterly Weekly

March 8, 2010

“Some of our policies have made the homeownership situation worse by encouraging house price increases, which of course puts more homeownership out of the reach of modest-income people,” said Ellen Seidman, a senior research fellow at the New America Foundation.

Original article (Subscription required).
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Community Development and the Financial Sector: Working Together in a Period of Economic Crisis, Industry Consolidation and Regulatory Reform

February 24, 2010

I’m very honored to be here today to talk about the situation we find ourselves in more than 2 years into a very deep and seemingly never-ending recession, through two lenses—policy in Washington, and community banking and community development finance. And I’ll try, without being presumptuous, to bring it home to Maine.

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Senate rewrites financial reform | CNNMoney.com

December 22, 2009

CNNMoney.com
"The Senate was always going to be a more difficult row to hoe for the administration's position," said New America Foundation policy analyst Ellen Seidman. ...

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Local Investment Firm Taking its Fight for Changes to the Bank | Chicago Tribune

November 24, 2009

Nice assist: Ellen Seidman, executive vice president of national policy and partnership development at Chicago-based ShoreBank Corp., is on the advisory ...

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Acorn and the Housing Bubble | Wall Street Journal

November 13, 2009
As Ellen Seidman, director of the federal Office of Thrift Supervision, said in a speech before the Greenlining Institute on Oct. 2, 2001, "Our record home ...
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Edward Pinto: Acorn and the Housing Bubble | Wall Street Journal

November 13, 2009

As Ellen Seidman, director of the federal Office of Thrift Supervision, said in a speech before the Greenlining Institute on Oct. 2, 2001, "Our record home ...

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Urgency for New Rules for Finance Is Slipping Away | MSN Money

September 15, 2009
"The administration made a calculated decision," says Ellen Seidman, former Director of the Office of Thrift Supervision and senior fellow at The New ...

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Urgency for New Rules for Finance Is Slipping Away | The Associated Press

September 15, 2009
"The administration made a calculated decision," says Ellen Seidman, former Director of the Office of Thrift Supervision and senior fellow at The New America Foundation ...

and more »
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National Consumer Protection Agency Would Upend Fragmented Structure | Los Angeles Times

August 9, 2009
Seidman, now a senior fellow at the New America Foundation, said she created an award for the best bank examiner on consumer affairs and compliance issues ...

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Local Savings and Loans Had OTS as Regulator | Contra Costa Times

July 7, 2009
Ellen Seidman, who served as the head of OTS from 1997-2001, says it's time to consider if OTS should be eliminated, although she declined to comment on the ...
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Banking "Broken," Consumers Need Help: Watchdog | Boston Globe

June 24, 2009
Ellen Seidman, a former bank regulator who is now a senior fellow at the New America Foundation, a think tank, expressed support for the new agency in her prepared remarks for the committee. But she said bank regulators should retain consumer ...
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Testimony of Ellen Seidman

June 24, 2009

Chairman Frank, Ranking Member Bachus and members of the Committee: I appreciate your inviting me here this morning to discuss consumer protection and oversight in the financial services industry in the context of the current economic crisis, and to provide my thoughts on how the regulatory system should be restructured to enhance consumer protection in the future. My name is Ellen Seidman, and I am a Senior Fellow at the New America Foundation.

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Banking, Consumer Groups To Spar Over Consumer Agency | Wall Street Journal

June 23, 2009
Ellen Seidman, who was Office of Thrift Supervision director from 1997 through 2001, supports the new consumer agency but argued the banking regulators should retain the primary responsibility for protecting consumers. She argues Congress should ...
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Banks Oppose Financial Agency's Costs; Consumers Seek Clarity | Bloomberg

June 23, 2009
Federal and state bank regulatory agencies should retain their consumer-protection authority, said Ellen Seidman, senior fellow at the New American Foundation and former head of the Office of Thrift Supervision. “I believe that bank regulators, ...
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Obama Introduces Sweeping Financial Overhaul | NPR

June 18, 2009

President Obama unveiled a plan to overhaul regulation of the nation's financial institutions Wednesday. He blamed the current economic crisis on a culture of irresponsibility by Wall Street, Main Street and Washington. Obama also said the government had to do more to protect consumers. The effort requires congressional action and would represent the most substantial revamping of the regulatory structure since the Great Depression.

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Born in a Previous Crisis, OTS Faces Extinction | Washington Post

June 17, 2009
"I think the time has probably come," said Ellen Seidman, a Democrat who headed the agency from 1997 to 2001. "I don't think they did such a great job over the last several years." As word came yesterday that President Obama had put the agency on the ...
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Consumers Gain Clout in Washington | CNNMoney

May 29, 2009
One group, the New America Foundation, a left-leaning think tank sensitive to consumer causes, has had at least a dozen conversations with top White House officials in person and over the phone, according to policy director Ellen Seidman. ...
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Tinkerbell Effect, Part 2: Obama's Efforts to Revive Credit Markets | CQPolitics.com

May 25, 2009
Ellen Seidman, special assistant on economic policy for former President Bill Clinton, said that while Obama's efforts are innovative and likely to help, the administration might still need to cope with political fallout from small business failures. ...
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Tinkerbell Effect, Part 1: Obama's Efforts to Shore Up Banks | CQPolitics.com

May 25, 2009
Ellen Seidman, a special assistant for economic policy in the Clinton White House who also held senior positions at the Treasury Department and Fannie Mae, questions whether Obama will get the economic bounce he needs to declare victory, ...
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AIG 'Bonusgate': Lessons learned | CNNMoney

May 14, 2009
New legislation: "All of this is fodder for doing broad compensation reform," said Ellen Seidman, financial services policy director at policy group New America Foundation. "The more this kind of information comes out, the easier it will be to sell the ...
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