News List

  • Fed’s Emergency Lending Rule Leaves the Door Wide Open to Future Taxpayer-Funded Bailouts
    Nov 30, 2015 - Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the emergency lending rule adopted by the Federal Reserve on Monday: “Five years after Dodd-Frank became law, ‘too big to fail’ is unfortunately alive and well and this rule from the Federal Reserve does... More
  • Media Buzz: Effective Committee Oversight Reveals CFPB's Deceptive Efforts to Allege Racial Bias in Auto Lending
    Nov 30, 2015 - A staff report by the Financial Services Committee uses internal CFPB e-mails and documents to reveal the Bureau is knowingly using flawed and inferior methods to allege racial bias in auto lending. The result of the CFPB’s efforts could mean higher consumer prices when it comes to buying a car or t... More
  • Internal Documents Reveal Weakness of CFPB’s ‘Disparate Impact’ Claims Against Vehicle Financing Businesses
    Nov 24, 2015 - WASHINGTON -- The statistical method the Consumer Financial Protection Bureau (CFPB) is using to allege racial discrimination in auto lending is “prone to significant error,” according to internal Bureau documents obtained by the House Financial Services Committee. In addition, internal memoranda re... More
  • Committee Releases Hearing Schedule for Week of November 30th
    Nov 24, 2015 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of November 30th. Wednesday, December 2nd at 10:00 A.M. - The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to review thre... More
  • ICYMI: Consumer Watchdog Pushed Discrimination Case on Vulnerable Firm
    Nov 24, 2015 - Consumer Watchdog Pushed Discrimination Case on Vulnerable Firm: Report Republicans say Consumer Financial Protection Bureau targeted Ally on likelihood of settlement to gain restructuring approval By YUKA HAYASHI Nov. 24, 2015 WASHINGTON—When federal regulators launched a controversial crackdown o... More
  • ICYMI: Reining In a Sprawling Federal Reserve
    Nov 20, 2015 - Since the 2008 financial crisis, the Federal Reserve has morphed into a government institution whose unconventional activities and vastly expanded powers would scarcely be recognized by drafters of the original legislation that created it. Regrettably, commensurate transparency and accountability h... More
    Nov 20, 2015 - House Passes Federal Reserve Transparency and Consumer Protection Bills This week the House of Representatives passed seven bipartisan Financial Services Committee bills, including bills to make the Federal Reserve more transparent and accountable and to protect consumers from the Consumer Financial... More
  • House Passes Seven Committee Bills
    Nov 19, 2015 - WASHINGTON - This week the House passed seven bills with bipartisan support from the Financial Services Committee. Below is the list of bills passed by the House: H.R. 3189, the “Fed Oversight Reform and Modernization Act of 2015” Sponsor: Rep. Bill Huizenga (R-MI) H.R. 3189 would improve the econom... More
  • Hensarling Remarks on FORM Act
    Nov 18, 2015 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following comments during the House’s debate on legislation to reform the Federal Reserve to make it more transparent and accountable to the American people: I rise in strong support of H.R. 3189, the FORM Act, to reform the F... More
  • House Passes Two Bipartisan Consumer Protection Bills
    Nov 18, 2015 - WASHINGTON- In an ongoing effort to keep the dangerously unaccountable and powerful Consumer Financial Protection Bureau (CFPB) from harming consumers, the House today passed two bipartisan bills to correct two of the Bureau’s damaging regulatory actions. H.R. 1737, the Reforming CFPB Indirect Auto ... More