Chairman Hensarling Statement on Oversight Plan Markup
| Posted in Press Releases
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of its oversight plan for the 113th Congress. Chairman Hensarling: "For us to have a healthy economy, we must put the nation on a sustainable fiscal path. And to have a sustainable fiscal path, we must also have a sustainable housing finance system. I have grave fears that FHA, as it is operating today, is an impediment to both."
| Posted in Press Releases
WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Bailout, Bust, or Much Ado About Nothing?: A Look at the Federal Housing Administration’s 2012 Actuarial Report.” Chairman Hensarling on CNBC Squawk Box
| Posted in In Case You Missed It
House Financial Services Committee Chairman Jeb Hensarling (R-TX) joined CNBC’s Squawk Box this morning to discuss the committee’s current hearing series on the state of the Federal Housing Authority (FHA). Hensarling also discussed what to expect from President Obama’s State of the Union Address tonight. Chairman Hensarling: "Open Question Whether FHA Has Now Morphed into Countrywide. Arguably, the FHA Has Now Become the Nation's Largest Subprime Lender"
| Posted in Press Releases
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing on the proper role of the Federal Housing Administration (FHA) in the nation's mortgage insurance market. Today's hearing is the first in a series of hearings the committee plans on the FHA. "Last week many of us awoke to… Coverage of Field Hearing on Impact of Bank Examinations
| Posted in Member Corner
The Financial Institutions and Consumer Credit Subcommittee met outside the Washington, D.C. beltway on Tuesday to ask community bankers and regulators if overly stringent federal bank examination standards are impeding an economic recovery. Committee Maintains Focus on Economy and Jobs
| Posted in Press Releases
Financial Services Committee Chairman Spencer Bachus announced the Committee’s planned schedule for the weeks of May 23 and May 30. The schedule shows the Committee will continue focusing on policies that encourage economic growth and job creation. “Promoting policies that will strengthen our economy and create jobs remains our Committee’s top priority,” said Chairman… Democrats were for a CFPB commission…before they were against it
| Posted in Member Corner
WASHINGTON – Attacks from Democrats claiming a bipartisan commission to oversee the Consumer Financial Protection Bureau (CFPB) is somehow “anti-consumer” ring hollow in light of the record. Until recently, many of these same Democrats supported, proposed and voted for exactly such a commission. Below is a timeline showing the evolution of Democratic support for a… H.R. 1573
| Posted in Legislation
Representatives Spencer Bachus (R-AL), Frank Lucas (R-OK), K. Michael Conaway (R-TX), and Scott Garrett (R-NJ) introduced H.R. 1573, which would extend the deadline by 18 months for implementing Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill gives the regulatory agencies more time to effectively meet the objectives of the derivatives title, to… H.R. 1121, the Responsible Consumer Financial Protection Regulations Act
| Posted in Legislation
The Responsible Consumer Financial Protection Regulations Act establishes a bipartisan commission of five members at the Consumer Financial Protection Bureau (CFPB). H.R. 1121, introduced by Chairman Spencer Bachus facilitates robust consumer financial protection by empanelling a five-member Commission to carry out all of the duties that would otherwise fall to the… H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act
| Posted in Legislation
The expansive powers given to the CFPB to write rules will have far-reaching implications. Yet, the Dodd-Frank Act makes the CFPB’s judgments essentially unreviewable. The Dodd-Frank Act did include a review process, but the process is essentially meaningless . The Act allows the Financial Stability Over-sight Council to review rulemaking by the CFPB, but it must meet virtually… Browse Documents by Date or Issue |
