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Chairman Hensarling Floor Remarks on the Consumer Financial Freedom and Washington Accountability Act

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following floor remarks on H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act: Mr. Chairman, we are now into the sixth year of the Obama administration and probably the two most common comments I hear from my constituents are “I just can’t make ends meet in this economy” and…

Report: HUD Official Interfered With, Attempted to Obstruct Federal Investigation of Agency’s Lobbying Activity

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NOTE: Subcommittee hearing Wednesday, Feb. 26 at 10 a.m. on Inspector General’s report in Room 2128 Rayburn Building. Inquiries from the House Financial Services Subcommittee on Oversight and Investigations led to an Inspector General’s report that reveals senior officials at the Department of Housing and Urban Development improperly engaged in lobbying activity and attempted to…

House to Consider CFPB Accountability Reforms This Week

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On Thursday, February 27 the House will consider H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act, sponsored by Financial Services Committee member Rep. Sean Duffy (R-WI). H.R. 3193 is a package of bills to bring greater accountability and transparency to the powerful CFPB. These bills passed the Financial Services Committee on November 21, 2013. H.R. 3193 does…

Chairman Hensarling Delivers Opening Statement at Hearing on Monetary Policy and State of the Economy

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We welcome Chair Yellen for her first of many Semi-Annual Humphrey-Hawkins appearances before our Committee. Chair Yellen, you may recall that just two months after Alan Greenspan became Fed Chairman in 1987 the stock market crashed. At that time Paul Volcker sent him a short note that read: “Congratulations. You are now a central banker.” Chair Yellen, you face the daunting…

Hensarling: Wall Street and Washington Must Be Held Accountable

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s hearing on how the Dodd-Frank Act’s Volcker Rule will impact jobs. During our last Volcker Rule hearing I mentioned receiving correspondence from a constituent of mine, Joseph of Mabank, Texas. He wrote me, “I am a disabled veteran and have been without work for over a year…all I…