Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon news that the Bureau of Consumer Financial Protection (Bureau) is dismissing its case against PHH Corp. “Once again, Acting Director Mulvaney is doing what is needed to continue the agency’s transformation into one that follows the law as written.  In the PHH case the facts show… Read more »

On April 2, 2018, the Bureau of Consumer Financial Protection (Bureau) issued its thirteenth semi-annual report to the President and Congress, which included a request by Acting Director Mick Mulvaney that Congress enact four changes to establish transparency and accountability at the Bureau. The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine these… Read more »

The Subcommittee on Housing and Insurance held a hearing today to review a legislative proposal to help break down barriers that prevent homeless children and youth from obtaining housing assistance and services through the Department of Housing and Urban Development (HUD). H.R. 1511, the “Homeless Children and Youth Act of 2017,” introduced by Rep. Steve Stivers (R-OH) and Rep. David… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today after the Federal Reserve proposed to revise the Volcker Rule that heavily impacted markets, businesses, investors, and job creators. "Regardless of whether someone supports the Volcker Rule or wishes to repeal it—as the Financial CHOICE Act would—any Volcker Rule that is on the… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today applauding the Senate’s confirmation of Jelena McWilliams to serve as Chair of the Federal Deposit Insurance Corporation (FDIC). “The FDIC plays an important role in creating an environment favorable for the success of state-chartered banks, and sets the tone and direction of… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon attending a signing ceremony at the White House for S. 2155, which represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago. "Thanks to hard work and leadership in both the House and the Senate, this… Read more »

The Housing and Insurance Subcommittee met today to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance. Today’s hearing examined the relationship between insurance companies, automobile… Read more »

The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to review eleven legislative proposals to help fuel capital and growth on Main Street. The legislative proposals considered were: H.R. 5054, the “Small Company Disclosure Simplification Act of 2018,” introduced by Rep. David Kustoff (R-TN), to provide an exemption for emerging growth companies… Read more »

House Financial Services Committee Chairman Jeb Hensarling released the following statement regarding Senate confirmation of Brian Montgomery for the dual role of Commissioner of the Federal Housing Administration (FHA) and Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD).   “I want to congratulate Brian Montgomery on his confirmation to be… Read more »

This week, the Financial Services Committee approved three bills, bringing the total number of bills reported out of the Committee this Congress to 102. “These three important measures support the Committee’s continued efforts to increase housing mobility for low-income families, create opportunity for individuals recovering from opioid addiction, and improve our security review process… Read more »