Member Corner

Forbes | Dodd-Frank’s Costs Will Be Paid For By Low-Income Bank Customers A whole segment of society is losing access to mainstream banking that allows them to safely save and invest for the future.  They are being pushed into nontraditional financial arrangements not by choice, but because of Dodd-Frank. NRO | 10 Questions for Janet Yellen With Janet Yellen… Read more »

Congressman Randy Hultgren (Twitter | Facebook) delivers this week's Sunday Video Message on his legislation -- H.R. 992, the Swaps Regulatory Improvement Act. H.R. 992 will be considered on the House floor this week.  Read more »

Mercatus | The Myth of Deregulation and the Financial Crisis Did “deregulation” cause the financial crisis? Our conclusion was that there was no measurable, net deregulation leading up to the financial crisis. Omaha World-Herald | Mortgage lending at risk if rules not delayed, banker says Without a delay of onerous Dodd-Frank mortgage regulations, some banks will stop… Read more »

Update: Chairman Hensarling Comments on Obama Administration’s Confirmation of $1.7 Billion Taxpayer-Funded Bailout for FHA Back in February, Chairman Hensarling cautioned that: "If the FHA were a private financial institution, likely somebody would be fired, somebody would be fined, or the institution would find itself in receivership." Instead, he added, "it is merely, and merrily, on… Read more »

  Chairman Hensarling Op-Ed | September 24, 2013 Pundits and politicians, including President Obama, used the recent anniversary of the Lehman Brothers collapse to once again blame a lack of government regulations for causing the financial crisis. The great tragedy of the financial crisis, however, was not that Washington regulations… Read more »

  Monetary Policy & Trade Subcommittee Vice Chairman Bill Huizenga (Twitter | Facebook) delivers this week's Sunday Video Message on the five year anniversary of the financial crisis.  Read more »

Last week, the Oversight and Investigations Subcommittee questioned the Department of Housing and Urban Development's (HUD) Inspector General, David Montoya, about reducing waste, fraud, and abuse in the department’s housing programs. All totaled, the latest IG report identified more than $770 million in questionable costs and included recommendations for putting $739.5 million in HUD… Read more »

The House is in session Tuesday through Friday this week and the committee has two scheduled hearings. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week.  Here's what's happening:  On Wednesday at 10 a.m. the Capital Markets & GSEs Subcommittee will examine the SEC's money market… Read more »

Financial Institutions & Consumer Credit Subcommittee Vice Chairman Sean Duffy (Twitter | Facebook) delivers this week's Sunday Video Message on our recent hearing with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and his own legislation to curb the CFPB's collection of Americans' personal financial data. Read more »

Consumer Financial Protection Bureau Deputy Director Steve Antonakes appeared before the Subcommittee on Financial Institutions and Consumer Credit in July to discuss the CFPB’s data collection efforts. Below are just a few of the simple questions Mr. Antonakes was unprepared to answer:  How much data is the CFPB collecting and from how many individual consumers?  … Read more »