House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after the World Bank announced it will phase out its lending to China by 2031:
“I’m pleased to see the World Bank take long overdue steps to restore common sense policies. As the world’s largest official creditor, China should not benefit from development financing intended for countries in… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) and Financial Institutions Subcommittee Chairman Andy Barr (KY-06) issued the following statement on the Consumer Financial Protection Bureau’s (CFPB) final rule on Section 1071:
“We commend the CFPB’s final rule on small business lending data collection. While the previous administration’s flawed regulation would have… Read more »
Today, the House Financial Services Committee and the House Energy & Commerce Committee announced a joint effort to advance two landmark data privacy bills, the GUARD Financial Data Act and the SECURE Data Act, to provide Americans more control over their personal data, create a uniform national framework to promote competition, and improve consumer choice by increasing… Read more »
Yesterday, the House Financial Services Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), examined the consumer credit reporting market and the importance of accurate credit reports for risk management and access to credit.
On Promoting Economic Opportunity:
Subcommittee Chairman Barr said, "Access to credit is fundamental to economic mobility. It is the… Read more »
Today, the House Financial Services Committee is holding a Subcommittee on Financial Institutions hearing, led by Subcommittee Chairman Andy Barr (KY-06), to examine the consumer credit reporting market and the importance of accurate credit reports for risk management and access to credit.
Read Subcommittee Chairman Barr's opening remarks as prepared for… Read more »
This week, several Republican Members of the House Financial Services Committee introduced various proposals to reform the U.S. deposit insurance framework.
Full Committee Chairman French Hill (AR-02) stated, “As Congress considers these and other proposals, the Committee will continue to work in a data-driven manner. Our guiding principles are to ensure stability of the banking… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the Financial Stability Oversight Council’s (FSOC) proposed guidance on nonbank financial company designations:
“The Committee commends FSOC for the proposed interpretive guidance on nonbank financial company designations. This would increase transparency around the Section 113… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) and Subcommittee on Financial Institutions Chairman Andy Barr (KY-06) issued the following statement regarding the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency’s Basel III proposal:
“The Committee applauds the Federal banking agencies’ joint effort to incorporate… Read more »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing to provide an overview of financial data privacy policy and examine the current patchwork of legal frameworks at the Federal and state levels.
Read Chairman Hill's remarks as prepared for delivery:
"Good morning. Today’s hearing will examine the current state of consumer financial… Read more »
Today, the House Financial Services Committee is holding a Financial Institutions Subcommittee hearing, led by Subcommittee Chairman Andy Barr (KY-06), to deepen the Committee’s ongoing work on fraud by focusing on the role of financial institutions within the broader anti-fraud ecosystem.
Read Subcommittee Chairman Barr's opening remarks as prepared for delivery:
"Good… Read more »
