Member Corner

Like Captain Renault, Americans are shocked – SHOCKED – that a report by the White House says a law supported by the White House doesn’t hurt community banks, no matter what. Well, over the last few years Republicans on the House Financial Services Committee have asked community bankers, credit union leaders, and small business operators what THEY think about the Dodd-Frank… Read more »

Financial Services Committee Chairman Jeb Hensarling just rolled out the Financial CHOICE Act, a plan to replace the failed Dodd-Frank Act and grow the economy for all Americans. And, like clockwork, left wing Democrats found the nearest possible microphone to trot out stale talking points about “Wall Street” and criticize the plan before they even knew what was in it. Just like… Read more »

You’d be hard-pressed to find a consumer willing to pay more and wait longer only to receive a worse result. But that is what’s passing for consumer protection these days in the eyes of the CFPB and its new proposal to outlaw arbitration. For the non-lawyers in the room, arbitration is a form of dispute resolution where parties… Read more »

1. The Administration just published a rule to “protect consumers” which sounds great at first… 2. But then we realized that it’s 1,000 pages long. 1-0-0-0 pages… 3. And it doesn’t actually protect consumers at all. 4. The truth is this rule limits consumers’ choices and will make financial advice more expensive and less available – which is just wrong. 5. American consumers are… Read more »

The Debt Clock // Treasury Secretary Jack Lew testifies as the national debt continues to climb. The Hoosier // Rep. Luke Messer (R-IN) prepares to question a… Read more »

April Fools. We are not fans of Dodd-Frank and we’re doing something about it. Under Dodd-Frank (a.k.a. Washington’s Financial Control Law), Wall Street’s “too big to fail” banks have… Read more »

WASHINGTON -- February may be the shortest month of the year, but the Financial Services Committee made every moment count – hosting 8 hearings, 1 markup, and passing bipartisan legislation to modernize federal housing programs, stop executive overreach and provide regulatory relief for Americans on Main Street. 7 photos from the Month of February: The Debt // Federal Reserve Chair… Read more »

READ ON ADOBE SLATE Robert Sherill was a drug dealer. He was young and he made some serious mistakes. In his own words, “When I needed money, I sold drugs.” Eventually his crimes caught up with him and after several years in prison, he emerged resolved to build a better life for himself. The only problem was that no one… Read more »

  House Committee: Treasury Played Politics in Debt Ceiling Debate "The U.S. Treasury for political purposes tried to suppress the existence of backup plans that would allow the government to continue making some payments in the event of a partial government shutdown, according to a newly published report from the House… Read more »

1.      A greater percentage of Americans are working than when I took office.  2.      Community banks and credit unions are thriving.   3.      Too Big To Fail is a thing of the past. 4.      Our regulatory system has… Read more »