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Chairman Hensarling Outlines Steps for Sustainable Housing Policy

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee hearing on regulatory impediments to the re-entry of private capital in the housing finance sector. The committee has been holding a series of hearings on the need to create a sustainable housing finance system:

Hensarling: CFPB Has No Valid Director So Financial Services Committee Cannot Accept Testimony on Semi-Annual Report

| Posted in Press Releases

The House Financial Services Committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is validly appointed as the bureau’s director, said Rep. Jeb Hensarling (R-TX), the committee’s chairman. However, the committee will continue to conduct rigorous oversight of the CFPB.

Who is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break Up of Financial Institutions

| Posted in Press Releases

After two and half years, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have yet to clarify their authority under the Dodd-Frank Act to break up large financial institutions, leaving questions as to what their view of this authority is, the Financial Services Committee Oversight and Investigation Subcommittee learned at a hearing yesterday.

Subcommittee Hearing Examines Regulatory Burden on Community Banks

| Posted in Press Releases

The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on community banks’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Financial Institutions Subcommittee hearing.