Press Releases

  The House Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing Wednesday to examine how and why bank holding companies are designated as “systemically important financial institutions” (SIFIs) under the Dodd-Frank Act. A bank holding company is a company that owns or controls one of more U.S. banks or… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of July 6th. Wednesday, July 8 at 1:00 P.M.- A Financial Institutions and Consumer Credit Subcommittee hearing to examine the designation and regulation of Bank Holding Company SIFIs. Witnesses: Harris Simmons, Chairman and Chief Executive… Read more »

July marks the fifth anniversary of the Dodd-Frank Act being signed into law, and Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee will hold three hearings beginning this week to examine how the 2,300-page law has left Americans with less freedom, less prosperity and a less stable financial future. “President Obama signed Dodd-Frank into law five… Read more »

  Dems’ Defense of CFPB: Let’s Talk About Something Else  “House Democrats decried a hearing Thursday on allegations of discrimination and retaliation by management at the Consumer Financial Protection Bureau” “Democrats largely declined… Read more »

  The House Financial Services Oversight and Investigations Subcommittee held a hearing today to hear new evidence from employees of the Consumer Financial Protection Bureau (CFPB) about discrimination and retaliation at their workplace. The Committee first began investigating allegations of widespread discrimination and retaliation against… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement after the U.S. Supreme Court upheld the use of the controversial “disparate impact” legal theory, saying those who file housing discrimination lawsuits don’t have to show they were victims of intentional discrimination: “America is based on equal opportunity, not equal results. The dubious legal… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the upcoming expiration of the Export-Import Bank’s charter: “This is a small step toward renewing a competitive free-market economy and arresting the rise of the progressive welfare state and the cronyism connected to it.  Ex-Im is not only corporate welfare, it is corporate welfare for… Read more »

WASHINGTON - For more than a year, the House Financial Services Committee has investigated serious allegations of discrimination and retaliation against employees at the Consumer Financial Protection Bureau (CFPB).  CFPB employees have testified about serious and troubling instances of racial, gender and age discrimination they’ve suffered from CFPB managers and retaliation against… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, July 15 at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy. During Chair Yellen’s last appearance before the committee in February, Chairman Hensarling… Read more »

  The Financial Services Task Force to Investigate Terrorism Financing held a hearing on Wednesday to examine how terrorist groups exploit the U.S. banking system to raise and launder their revenue. “The U.S. financial sector is too important for this task force to overlook when seeking to address the nexus of terrorism and finance. The… Read more »