Press Releases

     CLICK HERE TO WATCH   House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine H.R. 5018, the Federal Reserve Accountability and Transparency Act: When this Committee first embarked… Read more »

CLICK HERE TO VIEW THE REPORT The cost of renovating the CFPB’s rented headquarters has spiraled to more than $215 million – $65 million more than the agency’s estimate just six months ago and $120 million more than last year’s estimate, according to the Federal Reserve’s Inspector General. It also equals more than $590 per square foot… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after the United States Supreme Court – in a 9-0 vote – ruled that President Obama exceeded his Constitutional authority when he filled vacancies on the National Labor Relations Board in 2012. “President Obama appointed Richard Cordray to head the CFPB at the same time and in the exact… Read more »

  CLICK HERE TO WATCH WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing “Examining Reauthorization of the Export-Import Bank: Corporate Necessity or Corporate Welfare?”: Today we will examine… Read more »

  CLICK HERE TO WATCH In this week's FSC Video Message, watch Rep. Lynn Westmoreland (Twitter|Facebook) discuss concerns about the massive amounts of private data the CFPB is collecting on millions of Americans and how his legislation, the CFPB Data Collection Security Act, will help consumers. Read more »

The House Financial Services Committee today approved legislation to bring much needed reforms to the Terrorism Risk Insurance Act (TRIA) and much needed transparency and accountability to the Financial Stability Oversight Council (FSOC). Speaking about the TRIA Reform Act, Chairman Jeb Hensarling (R-TX) said , “I do believe this bill is a reasonable set of changes to improve a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of legislation to bring much needed reforms to the Terrorism Risk Insurance Act (TRIA) and much needed transparency and accountability to the Financial Stability Oversight Council (FSOC):   … Read more »

   CLICK HERE TO WATCH   ​House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with CFPB Director Richard Cordray: This morning we welcome back Director Cordray to deliver testimony on the fifth… Read more »

The House Financial Services Oversight and Investigations Subcommittee voted today to authorize subpoenas for two more whistleblowers who have come forward alleging discrimination and retaliation at the CFPB. The whistleblowers -- CFPB Examiner Ali Naraghi and former Bureau employee Kevin Williams – asked to be subpoenaed in order to protect their interests and guard against further… Read more »

  CLICK HERE TO WATCH  WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following opening statement at today’s full committee markup: 12.2 percent. That is the rate of underemployment or real unemployment in today’s economy. The latest figures show… Read more »