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ICYMI: Hensarling on Sunday Morning Futures
May 1, 2017
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Financial Services Committee Chairman Jeb Hensarling (R-TX) joined Maria Bartiromo on Fox News to discuss the Republican plan to end bailouts and create economic opportunity for all Americans. On the Dodd-Frank mistake: "They promised us it would lift the economy, instead we're mired in the slowest,...
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A Better Idea for Bankrupt Big Banks
Apr 25, 2017
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By Stephen E. Hessler The most significant Wall Street reform in nearly a decade may soon become law. Last Friday President Trump directed Treasury Secretary Steven Mnuchin to review Title II of the 2010 Dodd-Frank Act, which gives the federal government authority to wind down involuntarily failing ...
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Greenspan: Get rid of Dodd-Frank and watch economy and stocks soar
Apr 21, 2017
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April 20, 2017 CNBC Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the prospect of getting rid of the Dodd-Frank banking regulations has been a driver of higher stocks and would continue to be. "If you get rid of Dodd-Frank, it's going to have a very significant positive impac...
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‘You’re Fired,’ Trump Should Tell Richard Cordray
Apr 20, 2017
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By David B. Rivkin Jr. and Andrew M. Grossman Wall Street Journal The greatest mystery in Washington involves not Russian spies or wiretaps but Richard Cordray’s continued employment as director of the Consumer Financial Protection Bureau. In the face of President Trump’s mandate for change, Mr. Cor...
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Hensarling Discusses Financial CHOICE Act with Hugh Hewitt and Brian Kilmeade
Jan 13, 2017
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Unconstitutional CFPB comes under strong criticism for proposal to keep consumers “in the dark,” violate free speech rights
Oct 28, 2016
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"Legal experts warned the Consumer Financial Protection Bureau that its proposal to force companies under investigation to keep quiet about the probe might violate free speech rights." -The Wall Street Journal, 10/28/2016 "The proposed rule would keep investors, shareholders and the public in the d...
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ICYMI: Hensarling Addresses Wells-Fargo on CNBC
Sep 22, 2016
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“What appears to be obvious is that two million Americans just got ripped off by their bank and they got let down by their government. And so I’m not sure that Mr. Stumpf had all the answers. We’re giving him now, he’s got over a full week to prepare, to go back, to do his homework…We have demanded...
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ICYMI: Hensarling Discusses Wells-Fargo
Sep 20, 2016
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“We are going to get to the bottom of this, because potentially millions of customers have been ripped off by Wells-Fargo and they’ve also, in many respects, been ripped off by their government… How does this go on so long? Why does it take the L.A. Times to break this story, when we’re paying fede...
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Support Builds for the Financial CHOICE Act
Sep 9, 2016
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WASHINGTON – On Tuesday, Financial Services Committee Chairman unveiled the details of the Financial CHOICE Act – the Republican plan to replace the Dodd-Frank Act and promote economic growth. Support for the plan has been as overwhelming as the job-crushing regulations the bill will repeal. Here is...
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ICYMI: A Bank Too Big to Jail
Jul 18, 2016
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Have you ever wondered why the crippling 2008 financial crisis generated almost no criminal prosecutions of large banks and their top executives? Then take a moment to read the congressional report issued on July 11 titled “Too Big to Jail.” Citing internal documents that the United States Treasury...
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