News List

  • Task Force Examines Federal Efforts to Combat Terror Financing
    May 24, 2016 - WASHINGTON – The Financial Services Task Force to Investigate Terror Financing held a hearing today to explore how the Treasury Department works with relevant agency and law enforcement officials to coordinate the federal government’s efforts to combat all forms of illicit finance. Today’s hearing, ... More
  • House Passes Bipartisan Small Business Regulatory Relief Bills
    May 23, 2016 - WASHINGTON – The House on Monday passed two bipartisan bills designed to lessen regulatory burdens on small businesses. “I believe most of us would agree that our economy works better for all Americans when small businesses can focus on creating jobs rather than navigating bureaucratic red tape,” sa... More
  • WEEK IN REVIEW
    May 20, 2016 - Examining the CFPB’s Newest Rule to Hurt Consumers It would be difficult to find a consumer willing to pay more and wait longer only to receive a worse result. But that’s what passes for consumer protection at the CFPB with its proposed rule to outlaw arbitration. On Wednesday, the Subcommittee on F... More
  • Media Advisory: Committee Hearing Schedule for the Week of May 23
    May 20, 2016 - WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 23: Tuesday, May 24 at 10:00 A.M. – The Task Force to Investigate Terrorism Financing will hold a hearing – entitled “Stopping Terror Finance: A Coordinated Governmen... More
  • Administration Picked Liberal Activist Groups Over Victims in Bank Settlements
    May 19, 2016 - WASHINGTON - The Financial Services Oversight and Investigations Subcommittee held a hearing today to determine whether the funneling of settlement funds to third party groups as part of the Obama Administration’s settlement agreements with banks subverted congressional appropriations powers. “Since... More
  • Arbitration vs. Litigation
    May 18, 2016 - You’d be hard-pressed to find a consumer willing to pay more and wait longer only to receive a worse result. But that is what’s passing for consumer protection these days in the eyes of the CFPB and its new proposal to outlaw arbitration. For the non-lawyers in the room, arbitration is a form of di... More
  • More Lawsuits, Higher Costs, Rewarding Trial Lawyers
    May 18, 2016 - WASHINGTON – A proposed regulation requiring financial companies to scrap arbitration contracts will lead to higher costs for consumers and less access to credit and new products, witnesses told members of the Subcommittee on Financial Institutions and Consumer Credit on Wednesday. The rule proposed... More
  • Subcommittee Reviews Ideas to Ignite Economic Growth
    May 17, 2016 - WASHINGTON - The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing today to review three legislative proposals to improve the struggling U.S. economy, which grew an abysmal 0.5 percent in the first three months of the year. “Despite the big promi... More
  • Fed Policy Could be Weakening Economy, Witnesses Tell Subcommittee
    May 17, 2016 - WASHINGTON – By paying Federal Reserve member banks above-market interest on reserves, the Fed may be distorting investment decisions and weakening the economy’s performance, several witnesses told the Monetary Policy and Trade Subcommittee at a hearing on Tuesday. “Almost seven years old, the Fed’s... More
  • WEEK IN REVIEW
    May 13, 2016 - 50 Years after the Creation of HUD: Comparing the U.S. and U.K. Housing Models On Thursday, the Housing and Insurance Subcommittee held a hearing to compare the housing models of the United States and the United Kingdom. The hearing was part of a series undertaken by the subcommittee to assess affor... More