For seven years now, the Dodd-Frank Act has stifled the American Dream — for half of the country.
Let me explain.
After the 2008 financial crisis, the economy was in dire straits. Washington responded with the Dodd-Frank Act, a sweeping overhaul of the American financial regulatory system, implementing the strongest regulations seen since FDR's New Deal.
Since 2008, some of America's… Read more »
By Chairman Jeb Hensarling and Rep. Roger Williams
Few Americans are familiar with the Consumer Financial Protection Bureau, but it is the most powerful and least accountable Washington bureaucracy in history and a perfect example of the political left’s dangerous belief that the ends always justify the means.
While the agency has an important mission, it was purposefully… Read more »
By Congressman French Hill (R-AR)
Washington, D.C.'s idea of government may have changed, but the American people's has not. This is a significant observation I have made since returning to Washington after living and working for 25 years in central Arkansas.
In Washington, accountability has gone from a focal point of governance to a relative afterthought.
The rest of America… Read more »
Los Angeles Times – Republicans Attack Consumer Financial Watchdog as They Push For His Firing
Part of the GOP attack focused on the Wells Fargo case as they argued the watchdog agency “was asleep at the wheel” in identifying that the bank was creating unauthorized accounts and only got involved after the Los Angeles Times and Los Angeles City Attorney Feuer had uncovered the… Read more »
Independent Journal Review
By: Richard Berman
Washington, D.C. is known for many things: Majestic monuments, smoky steakhouses, and wasteful bureaucracy at its worst. From the Environmental Protection Agency's crippling regulations to the Pentagon's $125 billion boondoggle, the swamp is full of critters. But no government agency is creepier or crawlier than the Consumer Financial… Read more »
Since I was first elected to Congress, I have fought to hold government agencies and Washington bureaucrats more accountable to Floridians and all Americans. Unfortunately, the Consumer Financial Protection Bureau (CFPB) continues to operate in a manner unaccountable to Congress, the president and American taxpayers.
You don’t have to take my word on this.
On October 11, 2016, the… Read more »
As the following article from Real Clear Markets points out, the unaccountable and unconstitutional CFPB shows utter contempt for constitutional due process rights and tramples on the rule of law. This abuse may grab headlines, but it does not achieve justice and ultimately harms the very consumers the Bureau is supposed to protect.
“Prohibited by statute from regulating auto… Read more »
By: Jeb Hensarling
Wall Street Journal
February 9, 2017
The Obama presidency placed no greater burden on America’s growth potential than the avalanche of regulations that smother the U.S. economic system. The most destructive and dangerous of the new regulatory bureaucracies created by the Democrat-dominated 111th Congress is the Consumer Financial Protection Bureau.
The CFPB stands… Read more »
‘Overregulation has caused costs to go through the roof, many banks have been shut down and that has hit small businesses’
‘We can’t afford to keep going the way we’re going’
By Joyce M. Rosenberg
Associated Press
Feb. 8, 2017
Small community banks say Dodd-Frank regulations too much of a burden.
NEW YORK — Community banks that can be vital to many small businesses are hopeful about… Read more »
