Member Corner

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 »

Financial Services Committee Chairman Jeb Hensarling (R-TX) Remarks to the Exchequer Club, Nov. 16, 2016 *As Prepared for Delivery Good afternoon, everyone.  I’m Jeb Hensarling – and I approve this message. No, I think we’ve all had enough of that to last us for a while.  Our long national nightmare is finally over:  the 2016 campaign.  Don’t worry; it will… Read more »

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$400 million in cash stacked on wooden pallets carried in secret by an unmarked cargo plane on the same day four American prisoners were released from Iran. That’s what Chairman Sean Duffy and the Financial Services Oversight Subcommittee will be examining this Thursday, along with the impact of such a payment on terrorism financing. Watch and share this video and be sure… Read more »

Just last week the White House was claiming that the crushing regulatory burden of the Dodd-Frank Act wasn’t harming community banks – not one bit. Community bankers, credit union leaders and small business owners told us that’s absolutely not true. Today’s report from Bloomberg (Headline: Bank Mergers Heading for Seven-Year High, Pushed by Costly Rules) once again exposes how feeble… Read more »