House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on an announced settlement between the Bureau of Consumer Financial Protection (Bureau), the Office of the Comptroller of the Currency (OCC) and Wells Fargo which ‘requires the bank to reimburse affected borrowers and pay a $1 billion fine’ as a result of the bank’s violation of the Consumer… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the Senate’s use of Congressional Review Authority to repeal the CFPB’s controversial 2013 indirect auto lending guidance.
“The CFPB’s guidance on auto lending is a perfect example of everything that was wrong with the agency under its former director, Richard Cordray, and the danger… Read more »
The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program.
The proposals are as follows:
H.R. __, the “Housing Choice Voucher Mobility Demonstration Act of 2018,” would authorize the… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with the Federal Reserve’s Vice Chairman for Supervision Randal Quarles:
Today, we are very, very pleased to welcome the Honorable Randy Quarles, Vice Chairman of Supervision for the Fed. We have been waiting, Mr. Quarles,… Read more »
Today, the House voted to pass H.R. 4790, the Volcker Rule Regulatory Harmonization Act with strong, bipartisan support 300-104. Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks on the floor, outlining out the bill would improve capital markets, which are vital to job creation and innovation:
Mr. Speaker, another day, another strong. bipartisan… Read more »
The Monetary Policy and Trade Subcommittee met today to discuss proposed legislation that would update the operations of the multi-agency panel known as the Committee on Foreign Investment in the United States (CFIUS). The proposed bill, H.R. 4311, the “Foreign Investment Risk Review Modernization Act of 2017 (FIRRMA),” would expand CFIUS’s jurisdiction to include certain outbound… Read more »
The Oversight and Investigations Subcommittee met today to hear from the Inspector General for the Federal Housing Finance Agency (FHFA) about the Agency’s performance as both the regulator of the housing government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as the manager of their day-to-day business activities through the ongoing conservatorships of Fannie Mae and… Read more »
WASHINGTON – Today, the House of Representatives passed two more bipartisan bills from the Financial Services Committee that improve stress test requirements for banks and reform the designation process for nonbank financial institutions.
“At the end of the day, it’s not really the banks that are the subject of these regulations. At the end of the day, it’s their customers,” said… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with the Bureau of Consumer Financial Protection (CFPB) Acting Director Mick Mulvaney:
This morning, we welcome home Mick Mulvaney, a highly respected former member of this very Committee, the Director of the OMB, and the… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the dates of two upcoming full committee hearings required by federal statute:
Wednesday, April 11 at 10:00 A.M. – Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney will appear before the full committee to provide testimony on the Bureau’s semi-annual report as required by Section 1016 of… Read more »
