Press Releases

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WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of November 14: Tuesday, November 15 at 10:00 a.m. – U.S. Securities and Exchange Commission Chair Mary Jo White will testify before the Financial Services Committee regarding the SEC’s Agenda, Operations and Fiscal Year 2018 Budget Request.  Wednesday,… Read more »

WASHINGTON -- The House next week is scheduled to consider a package of bills designed to prevent the sale of commercial aircraft to Iran, labeled by the U.S. State Department as the world’s leading state sponsor of terrorism. “These bills are part of a bipartisan effort to ensure that Iran does not have access to the U.S. financial system and that taxpayers and depositors are not forced… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) notified CFPB Director Richard Cordray in a letter today that a recent federal court ruling means the Bureau must now follow executive orders requiring agencies to ensure the benefits of their proposed regulations outweigh the costs. In addition, the Bureau must now abide by executive orders requiring consultation with… Read more »

Conservatives win big in landmark ruling against Consumer Finance Protection Bureau “An appellate court today called the Consumer Financial Protection Bureau constitutionally flawed … boosting congressional efforts to rein in the powerful agency” “The opinion is a blow for an agency already on its heels.” … Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on today’s federal court ruling that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional: “This is a good day for democracy, economic freedom, due process and the Constitution.  The second highest court in the land has vindicated what House… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that the Subcommittee on Capital Markets and Government Sponsored Enterprises intends to hold a hearing before the end of the year to examine how federal regulation is impacting short-term funding markets. “It’s clear that Main Street is feeling the impact of the hundreds of new rules heaped… Read more »

Fraud is Fraud and Theft is Theft The Committee heard testimony from Wells Fargo Chairman and CEO John Stumpf on Thursday regarding the fraud perpetrated when bank employees opened accounts without customers’ permission. “While the fine Wells Fargo will pay – roughly 3 percent of the bank’s second quarter profits – is tiny by Wall Street’s standards, the harm caused to consumers and… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on reports of the Obama Administration’s secret agreement to lift international sanctions on Iranian banks: “Every week brings more troubling revelations of secret deals between the Obama Administration and the world’s foremost state sponsor of terrorism.  Making massive cash… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following open remarks at today’s hearing examining the opening of unauthorized customer accounts at Wells Fargo. Wells Fargo Chairman and CEO John Stumpf testified at the hearing:     We are here… Read more »