Press Releases

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  • Hensarling Applauds Bureau’s Plan to Examine ECOA
    May 21, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement praising the Bureau of Consumer Financial Protection’s (Bureau) announcement that it will reexamine whether disparate impact liability is within the jurisdiction of the Equal Credit Opportunity Act (ECOA... More
  • Hensarling: Committee Must Examine Allegations of Latest Fannie Mae Backdoor Schemes
    May 18, 2018 - House Financial Services Committee Chairman Jeb Hensarling released the following statement following media reports that high ranking Fannie Mae employees have been intentionally violating their government prohibition on lobbying through a series of secret meetings to remove the failed mortgage gian... More
  • An Overview of Homelessness in America
    May 17, 2018 - The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness. The majority of programs to reduce homelessness and provide assistance in housing services fal... More
  • The Securities and Exchange Commission and the Division of Enforcement
    May 16, 2018 - The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to oversee the Securities and Exchange Commission’s (SEC) Division of Enforcement (Division). The hearing examined the mission, operation, and current initiatives and activities of the Division. The Subcommittee al... More
  • The Implementation of FinCEN’s New Rule
    May 16, 2018 - WASHINGTON – The Terrorism and Illicit Finance Subcommittee met today to examine the implementation and enforcement of the Financial Crimes Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule to improve anti-money laundering efforts while safeguarding the U.S. financial system for its p... More
  • House Votes to Repeal Harmful BCFP Auto Lending Guidance
    May 8, 2018 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on the floor just before the House voted 234-175 to pass S.J. Res. 57, which uses Congressional Review Act (CRA) authority to repeal the Bureau of Consumer Financial Protection’s (Bureau) ... More
  • Financial Institutions Detail Challenges Associated with New FinCEN Regulation
    Apr 27, 2018 - The Financial Institutions and Consumer Credit Subcommittee held a hearing today to review the implementation of the Financial Criminal Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule from the point of view of financial institutions. “As a former banker and bank regulator, I underst... More
  • UPDATE: Committee Schedule for Week of April 23
    Apr 26, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced a change to this Friday’s subcommittee hearing: Friday, April 27 at 9:30 A.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Implementation of FinCEN’s Customer Due Diligence Rule... More
  • SEC Division of Corporation Finance Director Testifies Before Subcommittee
    Apr 26, 2018 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to review the Securities and Exchange Commission’s (SEC) Division of Corporation Finance and analyze how recent activities and future agenda items by the Division will advance the SEC’s mission to both protect inves... More
  • Improving HUD’s Rental Assistance Program
    Apr 25, 2018 - The Housing and Insurance Subcommittee met today to review the Department of Housing and Urban Development’s (HUD) role in rental assistance and a legislative proposal that would adjust rent costs for families in assisted housing. The “Promoting Resident Opportunity through Rent Reform Act,” which w... More