Press Releases

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of June 6: Tuesday, June 7 at 8:00 A.M. - House Financial Services Committee Chairman Jeb Hensarling (R-TX) will unveil details about the Republican plan to replace the Dodd-Frank Act and promote economic growth during a speech to the Economic Club of New… Read more »

WASHINGTON – House Financial Services Committee Jeb Hensarling (R-TX) released the following statement today about the CFPB’s controversial proposed rule to govern small dollar lending: “Just days after the Federal Reserve reported that almost half of American families say they would struggle to pay for emergency expenses of $400, here comes Director Cordray to make their struggle even… Read more »

NEW YORK – House Financial Services Committee Chairman Jeb Hensarling (R-TX) will unveil details about the Republican plan to replace the Dodd-Frank Act and promote economic growth during a speech to the Economic Club of New York on Tuesday, June 7.  The event is open to the press.  The speech will begin at approximately 8 a.m. EDT, but reporters planning to cover the speech… Read more »

Task Force Evaluates Federal Commitment to Combat Terror Financing The Task Force to Investigate Terror Financing called two Treasury Department officials to testify at a hearing on Tuesday.  Members of the Task Force agreed coordination among government agencies is necessary to combat terror financing and expressed alarm that the federal government does not maintain a single… Read more »

WASHINGTON – The Financial Services Task Force to Investigate Terror Financing held a hearing today to explore how the Treasury Department works with relevant agency and law enforcement officials to coordinate the federal government’s efforts to combat all forms of illicit finance. Today’s hearing, “Stopping Terror Finance: A Coordinated Government Effort,” was the Task Force’s ninth… Read more »

WASHINGTON – The House on Monday passed two bipartisan bills designed to lessen regulatory burdens on small businesses. “I believe most of us would agree that our economy works better for all Americans when small businesses can focus on creating jobs rather than navigating bureaucratic red tape,” said Financial Services Committee Chairman Jeb Hensarling (R-TX). Both bills had previously… Read more »

Examining the CFPB’s Newest Rule to Hurt Consumers It would be difficult to find a consumer willing to pay more and wait longer only to receive a worse result.  But that’s what passes for consumer protection at the CFPB with its proposed rule to outlaw arbitration. On Wednesday, the Subcommittee on Financial Institutions and Consumer Credit held a hearing to review the Bureau’s… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 23: Tuesday, May 24 at 10:00 A.M. – The Task Force to Investigate Terrorism Financing will hold a hearing – entitled “Stopping Terror Finance: A Coordinated Government Effort” – to examine federal efforts to combat the financing of terrorism and explore how… Read more »

WASHINGTON - The Financial Services Oversight and Investigations Subcommittee held a hearing today to determine whether the funneling of settlement funds to third party groups as part of the Obama Administration’s settlement agreements with banks subverted congressional appropriations powers. “Since last year, this committee has been investigating the Obama Administration’s use of bank… Read more »

WASHINGTON – A proposed regulation requiring financial companies to scrap arbitration contracts will lead to higher costs for consumers and less access to credit and new products, witnesses told members of the Subcommittee on Financial Institutions and Consumer Credit on Wednesday. The rule proposed by the Bureau of Consumer Financial Protection – perhaps the most powerful and least… Read more »