Aug. 30, 2017
LINK
Congress must be generous in helping to repair the damage, to lives and to property, from Hurricane Harvey. The full extent of the destruction may not be known for a long time but is evidently catastrophic, just as the damage wrought by Katrina and Sandy was. Even as they demonstrate that they have a heart, lawmakers must also show that they have some brains.… Read more »
By James Freeman
Aug. 4, 2017
Republican staff of the House Financial Services Committee have completed a legal analysis concluding there is sufficient basis for Congress to initiate contempt proceedings against Consumer Financial Protection Bureau Director Richard Cordray. The staff report, which may be released as soon as this afternoon, describes how Mr. Cordray has defied a… Read more »
July 20, 2017
By Jeb Hensarling
Carefree, Arizona—population 3,363—is 2,400 miles from Wall Street. But that’s still not far enough away to escape the harm caused by Democrats’ supposed “Wall Street reform” known as the Dodd-Frank Act, which was signed into law seven years ago this month.
According to a local news report, a proposed housing project in Carefree was terminated… Read more »
July 13, 2017
President Trump still hasn’t dismissed Consumer Financial Protection Bureau director Richard Cordray despite several removable offenses. But Mr. Cordray is all but begging to be fired with his mandatory arbitration ban that brazenly flouts the law.
The CFPB on Monday finalized a rule forbidding class-action waivers in arbitration agreements. Dodd-Frank prohibited… Read more »
Originally Published in the My Atlanta Journal-Constitution
By Star Parker
The House just passed the Financial CHOICE Act, which enacts major reforms to the Dodd-Frank Act, signed into law by President Obama in 2010.
The 2,300-page Dodd-Frank Act was passed to fix what supposedly was broken in our financial system that led to the massive financial collapse in 2007.
The potential… Read more »
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 »
