In Case You Missed It

Two separate reports published at the end of 2015 paint an ugly picture of the impact the Dodd-Frank Act is having on America’s community banks, credit unions, and the customers they serve. The first report from the Dallas Federal Reserve concluded that in the era of Dodd-Frank’s regulatory onslaught, many community financial institutions may be “too small to succeed.” The report went to… Read more »

Read on Medium We started this year with three goals: 1. To… Read more »

On Thursday, House Financial Services Committee Chairman Jeb Hensarling (R-TX) joined House Majority Leader Kevin McCarthy and other House chairmen to discuss the Committee’s work to combat terror financing. Chairman Hensarling’s remarks are below: “Well, clearly as a Congress we have no more important responsibility than to protect the American people from all enemies… Read more »

WASHINGTON -- If all you knew about Mr. Brown was his surname, sex and zip code, do you think you could tell if he was black or white? The Consumer Financial Protection Bureau thinks it can – which is just one more reason it should be abolished.  The regulatory frenzy that accompanied President Barack Obama's first two years in office… Read more »

A staff report by the Financial Services Committee uses internal CFPB e-mails and documents to reveal the Bureau is knowingly using flawed and inferior methods to allege racial bias in auto lending. The result of the CFPB’s efforts could mean higher consumer prices when it comes to buying a car or truck. To read the committee staff report, click here.   … Read more »

Consumer Watchdog Pushed Discrimination Case on Vulnerable Firm: Report Republicans say Consumer Financial Protection Bureau targeted Ally on likelihood of settlement to gain restructuring approval By YUKA HAYASHI Nov. 24, 2015 WASHINGTON—When federal regulators launched a controversial crackdown on alleged discrimination in auto lending two years ago, they knew their methodology… Read more »

  Since the 2008 financial crisis, the Federal Reserve has morphed into a government institution whose unconventional activities and vastly expanded powers would scarcely be recognized by drafters of the original legislation that created it. Regrettably, commensurate transparency and accountability have not followed.  Since… Read more »

Dodd-Frank turns 5: What mess …what Dodd-Frank actually did was to deliver yet another massive government intervention to cover up the lies of past government interventions that directly led to last decade's economic meltdown. …What an absolute mess. And it's exactly what you get when,… Read more »

  CLICK HERE TO READ THE FULL EDITORIAL Perhaps you haven’t heard that the charter for the Export-Import Bank ended on June 30. That’s right, a New Deal-era program has expired, and almost no one noticed. Pity, then, that some Republicans are working to resurrect this unnecessary subsidy for… Read more »

This month marks the fifth anniversary of the passage of the Dodd-Frank Act. This law was hastily enacted as a reaction to the financial crisis and is filled with unintended consequences and misguided policies. While Dodd-Frank supposedly targeted Wall Street, it is Main Street that has felt the brunt of its costly and overwhelming regulations. Republican Members of the Financial… Read more »