The Failures of Dodd-Frank

  • Hensarling Responds to Bureau Action on Wells Fargo
    Apr 20, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on an announced settlement between the Bureau of Consumer Financial Protection (Bureau), the Office of the Comptroller of the Currency (OCC) and Wells Fargo which ‘requires the bank to reimburse affecte... More
  • Hensarling Applauds Reversal of Harmful CFPB Action on Auto Lending
    Apr 18, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the Senate’s use of Congressional Review Authority to repeal the CFPB’s controversial 2013 indirect auto lending guidance. “The CFPB’s guidance on auto lending is a perfect example of everything that ... More
  • Improving the Housing Choice Voucher Program
    Apr 17, 2018 - The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program. The proposals are as follows: H.R. __, the “Housi... More
  • Hensarling Opening Statement at Hearing with Federal Reserve Vice Chairman for Supervision
    Apr 17, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with the Federal Reserve’s Vice Chairman for Supervision Randal Quarles: Today, we are very, very pleased to welcome the Honorable Randy Quarles, Vice Chairman of Supervision for... More
  • Hensarling Delivers Remarks on Bill to Improve Capital Markets
    Apr 13, 2018 - Today, the House voted to pass H.R. 4790, the Volcker Rule Regulatory Harmonization Act with strong, bipartisan support 300-104. Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks on the floor, outlining out the bill would improve capital markets, which are v... More
  • Subcommittee Examines Proposed CFIUS Legislation
    Apr 12, 2018 - The Monetary Policy and Trade Subcommittee met today to discuss proposed legislation that would update the operations of the multi-agency panel known as the Committee on Foreign Investment in the United States (CFIUS). The proposed bill, H.R. 4311, the “Foreign Investment Risk Review Modernization A... More
  • Holding the FHFA Accountable
    Apr 12, 2018 - The Oversight and Investigations Subcommittee met today to hear from the Inspector General for the Federal Housing Finance Agency (FHFA) about the Agency’s performance as both the regulator of the housing government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as the manager of ... More
  • Two More Bipartisan Financial Services Bills Pass House
    Apr 11, 2018 - WASHINGTON – Today, the House of Representatives passed two more bipartisan bills from the Financial Services Committee that improve stress test requirements for banks and reform the designation process for nonbank financial institutions. “At the end of the day, it’s not really the banks that are th... More
  • Hensarling Welcomes CFPB Acting Director for First Congressional Appearance since His Appointment
    Apr 11, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with the Bureau of Consumer Financial Protection (CFPB) Acting Director Mick Mulvaney: This morning, we welcome home Mick Mulvaney, a highly respected former member of this very ... More
  • ICYMI: Will the House’s “Must Haves” Make It Into Financial Reform?
    Mar 27, 2018 - By Norbert Michel, Contributor March 26, 2018 The Independent Community Bankers of America is very close to securing a victory for its members. Just one thing is keeping the Senate-passed Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) from sailing to the White House for Pr... More