In Case You Missed It

By Zachary Warmbrodt  Politico Pro Rep. Jeb Hensarling is on the verge of winning one of his biggest legislative victories, with House Republicans on Thursday expected to pass a sweeping bill to replace major banking regulations enacted after the financial crisis. To get there, the Financial Services chairman has risked alienating big banks, angered leading… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) joined House leaders today to discuss the Financial CHOICE Act – a bill to end taxpayer-funded bailouts of Wall Street banks and create more opportunities for Americans on Main Street.  The bill is scheduled for a vote in the House this week. Excerpts: “Dodd-Frank broke all its promises…There is a better… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) joined MSNBC’s Morning Joe and CNBC’s Squawk Box to discuss the Financial CHOICE Act – a bill to end taxpayer-funded bailouts of Wall Street banks and create more opportunities for Americans on Main Street.  On the CFPB:  "The best form of consumer protection is competitive, innovative, transparent… Read more »

5/22/2017 There wasn't a single Republican in the room on April 28, but Wall Street was well represented. House Democrats had gathered inside the Financial Services Committee for a special minority hearing to discuss the dangers of rolling back the Dodd-Frank Act's sweeping regulations. Instead of bankers or traders or regulators, Democrats called none other than Sen. Elizabeth Warren… Read more »

By Joseph Lawler Megabanks would not be interested in the deal that House Republicans are offering them, Congress' in-house budget experts concluded in a report issued Thursday evening. House Republicans have advanced a bill, the Financial Choice Act, that would offer banks the option to get out of many of the new rules implemented in the wake of the 2008 financial crisis on the… Read more »

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, weakest recovery in the post-war era. They said it would end… Read more »

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 financial institutions. Treasury is to issue a report that considers whether changing… Read more »

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 impact on the economy," he said on "Squawk on… Read more »

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. Cordray continues the Obama administration’s regulatory crusade against lenders, blocking… Read more »

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