Press Releases

Two years after its passage, the bipartisan Jumpstart Our Business Startups Act (JOBS Act) is working, but more can be done to open capital markets to small businesses and emerging growth companies, witnesses told the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises.  That is why today’s Subcommittee hearing focused on seven legislative… Read more »

 CLICK HERE TO WATCH House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at… Read more »

WASHINGTON - The House Financial Services Oversight and Investigations subcommittee heard testimony from witnesses today that the CFPB has a culture of racial and gender discrimination and retaliation against its employees. Allegations that CFPB managers have engaged in discrimination and created “a hostile work environment” were chronicled in a March 6 American Banker article titled… Read more »

WASHINGTON- A whistleblower testifying at today’s Financial Services Oversight and Investigations Subcommittee hearing on allegations of discrimination and retaliation within the CFPB said CFBP Director Richard Cordray “told me that I have to tell my attorneys to back down.” The whistleblower – CFPB attorney Angela Martin – provided the information about Director Cordray’s involvement… Read more »

WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Patrick McHenry (R-NC) delivered the following letter in response to an attempt by Democrats to cancel Wednesday’s hearing on allegations of discrimination and retaliation at the CFPB. To view the letter, click here. The subcommittee is scheduled to hear from a… Read more »

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Rep. Patrick McHenry (R-NC), Chairman of the Financial Services Committee Oversight and Investigations Subcommittee, made the following comments today after the CFPB released a statement to the press that the Bureau is refusing to send witnesses to the Subcommittee’s hearing on Wednesday: “Discrimination and retaliation are unacceptable, and the Subcommittee next week will hear from a… Read more »

Allegations that the CFPB has engaged in discrimination and retaliation against its employees will be the subject of a Financial Services Committee Oversight and Investigations Subcommittee hearing next week. The subcommittee hearing comes amid reports, first published in the American Banker, that CFPB managers “show a pattern of ranking white employees distinctly better than… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following opening statement at the committee’s hearing on the threat posed by America’s rising national debt. Today’s hearing is the first in a series of hearings the committee has planned to focus attention on the impact the nation’s debt has on economic growth, jobs, national security, and the federal… Read more »

America’s rising national debt harms our economy, will lead to higher borrowing costs for families, and makes the U.S. vulnerable to “the whims of foreign governments,” expert witnesses are prepared to tell the House Financial Services Committee at a hearing scheduled for Tuesday. “For those who think this is just a Wall Street problem, look at it this way: When 10 year Treasury notes go… Read more »