Subcommittee on Financial Institutions

The Subcommittee on Financial Institutions and Consumer Credit met today to examine new opportunities for technological innovation to develop new products and services consumers across the financial lobe need. “The pace of technological development in financial services has increased exponentially and dramatically, offering both benefits and potential challenges to the U.S. economy and… Read more »

The Subcommittee on Financial Institutions and Consumer Credit met today to examine the existing regulatory structure for prudentially regulated financial institutions and to explore avenues that Congress and regulators can address challenges through policy changes. “While I believe in robust capital requirements, I don’t think capital should be required to the point that it… Read more »

Holding Bureaucrats Accountable and Helping Main Street Grow Two committee priorities – holding Washington accountable and growing Main Street’s economy – were on the House floor this week in the form of Rep. Tom Emmer’s (R-MN) “Financial Stability Oversight Council Reform Act” and Rep. Mia Love’s (R-UT) regulatory relief bill for small community banks.  Both passed the House and now… Read more »

On Thursday, February 27 the House will consider H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act, sponsored by Financial Services Committee member Rep. Sean Duffy (R-WI). H.R. 3193 is a package of bills to bring greater accountability and transparency to the powerful CFPB. These bills passed the Financial Services Committee on November 21, 2013. H.R. 3193 does… Read more »

New mortgage regulations resulting from the Dodd-Frank Act will harm homeownership, reduce credit, and prevent credit-worthy borrowers from obtaining an affordable mortgage, witnesses from Habitat for Humanity, community banks and credit unions told a House Financial Services subcommittee today. Read more »

Financial Institutions and Consumer Credit Subcommittee Chairman Shelley Moore Capito (R-WV) and Financial Services Committee Chairman Jeb Hensarling (R-TX) today introduced the Fairness for Community Job Creators Act, legislation that fixes a provision in the Volcker Rule that harms community banks. Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for January. Read more »

Congressman Robert Hurt (Twitter | Facebook) delivers this week's Sunday Video Message on H.R. 1105, the Small Business Capital Access & Job Preservation Act. H.R. 1105 passed the House with strong bipartisan support last week. Read more »

Since 1893, Owingsville Banking Company (OBC) has served the citizens of rural Bath County Kentucky. The bank endured the Great Depression, the stagflation of the 1970s and, most recently, the Great Recession. Today, however, OBC faces a new challenge -- not the difficult market conditions of this tepid economic recovery, but an avalanche of Washington regulations.  In the… Read more »

The House is in session Monday through Thursday this week and will consider one Financial Services Committee bill. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for additional information throughout the week.  Here's whats happening:  On Wednesday at 10 a.m. the Financial Institutions and Consumer Credit Subcommittee will… Read more »