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Hearing Schedule Announced for Week of Sept. 28
Committee Continues Oversight of CFPB, Reviews Impact of Insurance Regulations

Washington, Sep 22 -

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 Bureau of Consumer Financial Protection. When Director Cordray last appeared in front of the committee in March, committee Members emphasized the need for reforms to make the Bureau accountable and transparent.

“The CFPB undoubtedly remains the single most powerful and least accountable Federal agency in all of Washington,” Chairman Hensarling said at the March hearing. “When it comes to the credit cards, auto loans, and mortgages of hardworking taxpayers the CFPB has unbridled, discretionary power not only to make those less available and more expensive, but to absolutely take them away."

Tuesday, September 29 at 2:00 P.M. – The Housing and Insurance Subcommittee will hold a hearing entitled “The Impact of Domestic Regulatory Standards on the U.S. Insurance Market.”  The hearing will focus on various regulatory standards being promulgated by both state insurance supervisors and the Federal government.