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Sunday Video Message | Rep. Randy Hultgren

| Posted in Member Corner

Congressman Randy Hultgren (Twitter | Facebook) delivers this week's Sunday Video Message on his legislation -- H.R. 992, the Swaps Regulatory Improvement Act. H.R. 992 will be considered on the House floor this week. 

Media Buzz: The FHA Bailout of 2013

| Posted in Member Corner

Update: Chairman Hensarling Comments on Obama Administration’s Confirmation of $1.7 Billion Taxpayer-Funded Bailout for FHA Back in February, Chairman Hensarling cautioned that: "If the FHA were a private financial institution, likely somebody would be fired, somebody would be fined, or the institution would find itself in receivership." Instead, he added, "it is merely, and merrily, on…

Chairman Hensarling Opening Statement at Hearing on CFPB Semi-Annual Report

| Posted in Press Releases

WASHINGTON --  Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing on the Consumer Financial Protection Bureau's Semi-Annual Report with Director Richard Cordray:  “This morning we welcome Director Richard Cordray, Director of the CFPB, to deliver the bureau’s latest semi-annual report.…

The PATH to a Sustainable Housing Finance System for the 21st Century

| Posted in Member Corner

House Republicans are hard at work reforming America’s housing finance system so it’s sustainable for home owners, respectful of hard-working taxpayers, and built to last. Today – more than five years after the financial crisis and three years since the passage of the Dodd-Frank Act – President Obama delivered a speech outlining his principles for housing finance reform.  While it’s…

Financial Services, Oversight Looking at CFPB Employees Profiting from Mortgage Rules

| Posted in Press Releases

House Financial Services Chairman Jeb Henserling, R-Texas and House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., sent a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray about concerns that senior employees have left CFPB in order to profit from the very rules they helped create.

ICYMI: Chairman Hensarling on Bloomberg’s Capitol Gains

| Posted in Member Corner

“…if you don't get rid of the permanent, everyday government guarantee in the secondary mortgage market, I fear all you've done is put Fannie and Freddie in the Federal Witness Protection Program. Give them a facelift, give them new names, maybe they come out as Eddie and Annie. And yet they're released on an unsuspecting public.”   Hensarling on the PATH Act – Protecting…