Member Corner

   June 26, 2014 By Charles Lane Of all the purposes for which you might put U.S. taxpayer dollars at risk, helping wealthy petro-states borrow millions to buy Boeing jets would not rank among the most urgent. Yet that is… Read more »

The Financial Services Committee will hold the following hearings this week: Tuesday, June 24 at 10 a.m. – The Committee will hear from Treasury Secretary Jacob Lew on the Annual Report of the Financial Stability Oversight Council. Wednesday, June 25 at 10 a.m. – The Committee will hold a hearing entitled:  “Examining Reauthorization of the Export-Import Bank:  Corporate… Read more »

Committee Seeks Accountability at the CFPB On Tuesday, the full committee held a hearing with Director Richard Cordray to receive the fifth Semi-Annual Report of the Consumer Financial Protection Bureau.  "Since Director Cordray last appeared before our committee in January, we have learned much. First, we have learned in the first quarter of this year we actually had negative… Read more »

Note:  The Financial Services Committee will hold two hearings about the CFPB on Wednesday, June 18.  At 10 a.m., the full committee will hear from CFPB Director Richard Cordray.  At 2 p.m., the Financial Services Oversight and Investigations Subcommittee will hear from CFPB whistleblowers during its third hearing on allegations of discrimination and retaliation within the… Read more »

WSJ Editorial | June 9, 2014 One issue that has Republicans at the grass roots tearing at each other instead of fighting Democrats is the sense that the Beltway GOP protects… Read more »

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Committee Examines the Dangers of FSOC’s Designation Process On Tuesday, the full committee held a hearing to examine the Financial Stability Oversight Council’s (FSOC) designation process for deeming banks and non-bank firms as “systemically important” and the impact of such designations. "FSOC was established—or so its… Read more »

“It is easy reverse engineer and identify the people in our database.” “At present we are allowed to have any federal employee gain access” to the database. House Financial Services Committee Chairman Jeb Hensarling and Senate Banking Committee Ranking Member Mike Crapo this week sent a letter to the CFPB and FHFA raising serious privacy concerns about the massive federal mortgage… Read more »

 CLICK HERE TO WATCH Last week, the Financial Services Committee met to take up a number of strategies designed to spur job… Read more »

On Wednesday, the full committee marked up several bills designed to grow the economy, create jobs, and relieve the regulatory burden for community financial institutions.  "We received some bad news recently that more than 800,000 Americans, almost a million, left the workforce last month alone. Many simply could not find a job to make ends meet, no matter how hard they tried. … Read more »