House Financial Services Republicans Lay Into SEC `Overreach'

Also, lawmakers address bankers; Texas federal judge asks why he's hearing late fees lawsuit

Ann Wagner, the chairman of the House Financial Services’ capital markets subcommittee, stressed that her hearing today on “SEC overreach” was designed to highlight the need for “targeted, institutional reform” at the agency – whether it is led by a Republican or Democratic chairman. “This should not be a partisan issue,” she announced. But, of course, …