Member Corner

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 »

Committee Holds SEC Accountable On Tuesday, the full committee held an oversight hearing with SEC Chair Mary Jo White to discuss the Commission's agenda, operations, and 2015 budget.  "The SEC’s budget has grown substantially in recent years. In fact, the SEC’s budget has increased by 80 percent in the last 10 years and by nearly 300 percent since the year 2000. I again note that… Read more »

Republicans and Democrats on the House Financial Services Oversight and Investigations Subcommittee voted 20-0 to subpoena two CFPB officials and a union representative as part of its ongoing investigation into allegations of discrimination and retaliation at the Bureau. Wall Street Journal: House Panel Votes to Subpoena CFPB… Read more »

On Tuesday at 10:00 a.m. the Full Committee will hold a hearing to examine the economic consequences of recent rulemaking, supervisory, and enforcement actions of the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration and the Office of the Comptroller of the Currency on consumers, community… Read more »