News List

  • Subcommittee Seeks to Ensure Multilateral Development Banks Focus on Spurring Economic Growth
    Oct 9, 2015 - The Monetary Policy and Trade Subcommittee, chaired by Rep. Bill Huizenga (R-MI), held a hearing today to examine the role of multilateral development banks in the global economy and how they can more effectively spur economic growth to alleviate poverty. Multilateral development banks, known as MDB... More
    Oct 9, 2015 - House Passes Bipartisan Consumer Protection and Regulatory Relief Bills The House passed five bipartisan Financial Services bills this week, including one that provides a formal hold-harmless period for those making a good faith effort to comply with the CFPB’s 1,888-page TRID rule, which became eff... More
  • Buying a Home is Stressful Enough
    Oct 7, 2015 - Today the House will consider H.R. 3192, the Homebuyers Assistance Act. This bipartisan legislation was approved by the Committee 45-13 in July and would provide a temporary safe harbor (until February 1, 2016) from enforcement of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Dis... More
  • House Passes Bipartisan Homebuyers Assistance Act, 4 Other Financial Services Bills
    Oct 7, 2015 - The House on Wednesday passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a vote of 303-121. The bill, the Homebuyers Assistance Act, provides a four-month grace period for businesses that are working in good faith to comply with a new 1,... More
  • House to Consider Consumer Protection, Regulatory Relief Bills
    Oct 5, 2015 - This week, the House of Representatives will consider five bills approved by the Financial Services Committee to hold unelected Washington bureaucrats accountable so that consumers can achieve financial independence. “Consumers are understandably concerned about our economy. We remain stuck in the w... More
    Oct 2, 2015 - CFPB, Dodd-Frank Harms Consumers On Tuesday, CFPB Director Richard Cordray faced intense questioning – from committee members of both parties – particularly about the unaccountable Bureau’s efforts to unfairly pursue auto lenders and dealers, even though the Dodd-Frank Act expressly exempts dealers... More
  • Consumer Protection and Regulatory Relief Bills Pass Committee
    Sep 30, 2015 - The Financial Services Committee today approved several bipartisan bills designed to protect consumers and help build a healthier economy. “Consumers are understandably concerned about our economy. We remain stuck in the worst recovery of the last 70 years. At the same time, they’re concerned that W... More
  • Hensarling Opening Statement at Markup of Legislation to Empower Consumers and Job Creators
    Sep 30, 2015 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of five bills to empower consumers and job creators: The Committee meets to consider five important bills, the majority of them bipartisan and all of them designed t... More
  • Hearing Schedule Announced for Week of Sept. 28
    Sep 22, 2015 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of September 28. Tuesday, September 29 at 10:00 A.M. – The Financial Services Committee will hold a hearing to receive the semi-annual report from Director Richard Cordray of the... More
    Sep 18, 2015 - Dodd-Frank's Impact 5 Years Later: We Are Less Free As the nation marked Constitution Day on Thursday, the Financial Services Committee heard from witnesses that the Dodd-Frank Act makes Americans less free. By centralizing greater power in the hands of Washington bureaucrats, Dodd-Frank results in ... More