Press Releases

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  • WEEK IN REVIEW
    Mar 24, 2016 - Treasury’s Failure to Comply Results in Subpoenas The Treasury Department’s refusal to comply with a subpoena and respond to numerous other requests for information led the Financial Services Committee to subpoena four Treasury officials this week. During a hearing on Tuesday, committee Republicans ... More
  • Subcommittee Investigates Regulatory Barriers to Affordable Housing
    Mar 22, 2016 - WASHINGTON – The Subcommittee on Housing and Insurance held a hearing on Tuesday on how government regulations impact the cost of housing. Subcommittee members heard testimony from a panel of witnesses who addressed housing trends and how government policies can promote or hinder the development of ... More
  • Hensarling Opening Statement at International Financial System Hearing
    Mar 22, 2016 - WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew: Before we begin today’s hearing, we need to keep in our thoughts and prayers the victims of this morning’s attacks i... More
  • Media Advisory: Committee Hearing Schedule for the Week of March 21
    Mar 18, 2016 - WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of March 21: Tuesday, March 22 at 10:00 A.M.- The Financial Services Committee will hold a hearing to receive the annual testimony of the Secretary of the Treasury o... More
  • WEEK IN REVIEW
    Mar 18, 2016 - Committee Challenges CFPB Director CFPB Director Richard Cordray appeared before the committee on Wednesday, where he was confronted with questions about how the Bureau’s actions are harming the very consumers it is supposed to protect. Cordray faced tough questions on everything from the CFPB’s att... More
  • Report: ‘Abusive Tactics’ Pressured Banks to Stop Offering Consumer Loan Product
    Mar 16, 2016 - WASHINGTON – The FDIC Washington Office used “abusive tactics” and “aggressive and unprecedented efforts” – including pressuring field staff to downgrade examination scores, rejecting underwriting plans and conducting an intrusive examination review – to force banks to stop offering consumers a loa... More
  • CFPB Director Questioned on Bureau Actions That Harm Consumers
    Mar 16, 2016 - WASHINGTON – The CFPB – a uniquely unaccountable government bureaucracy – is harming consumers and abusing and exceeding its already immense powers, members of the House Financial Services Committee told the Bureau’s director during a hearing today. The Dodd-Frank Act granted the Bureau broad power... More
  • Hensarling Opening Statement at CFPB Hearing
    Mar 16, 2016 - WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Director Richard Cordray of the Bureau of Consumer Financial Protection: Not that we need a reminder, but if there’s one thing the presidential ca... More
  • Hensarling: Committee Will Replace Obama Financial Control Law with “Bold and Better” Alternative
    Mar 15, 2016 - WASHINGTON – Below are excerpts from the prepared remarks Financial Services Committee Chairman Jeb Hensarling (R-TX) will deliver Tuesday about the committee’s plan to offer a pro-growth, pro-consumer alternative to the Dodd-Frank Act’s “regulatory waterboarding” that is harming the economy and co... More
  • Hensarling Remarks at American Bankers Association Summit
    Mar 15, 2016 - EMBARGOED UNTIL DELIVERY WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) will deliver the following remarks at the American Bankers Association Summit this morning. The remarks are embargoed until delivery, approximately 10:25 A.M.: I appreciate that welcome. I really do. D... More