The Failures of Dodd-Frank

  • Hensarling Reacts to Court Ruling on CFPB Structure
    Jan 31, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to an en banc review by the D.C. Circuit Court of Appeals in PHH vs. CFPB, allowing the CFPB structure to stand. “I am deeply disappointed with the court’s decision and hope the Supreme Cou... More
  • Human Trafficking and U.S. Financial Markets
    Jan 30, 2018 - The Subcommittee on Oversight and Investigations held a hearing today to explore how human traffickers exploit U.S. financial markets. The subcommittee examined how financial institutions monitor, review, and verify depository relations with a payment processor and better understood potential proble... More
  • House Passes 5 Financial Services Bills
    Jan 30, 2018 - The House of Representatives passed five bipartisan bills from the Financial Services Committee this week, all of which passed the Committee with unanimous support. “I’m glad to see these important Financial Services Committee bills pass the House. These bills will ease regulatory burdens, making it... More
  • Examining Fintech
    Jan 30, 2018 - The Subcommittee on Financial Institutions and Consumer Credit met today to explore opportunities and challenges in the financial technology (“fintech”) marketplace in order to better understand how to properly regulate the industry while simultaneously ensuring that fintech companies and financial ... More
  • Committee Schedule for Week of January 29
    Jan 26, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of January 29: Tuesday, January 30 at 10:00 a.m. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Examining Opportunities and Challenges in the... More
  • ICYMI: The CFPB Has Pushed Its Last Envelope
    Jan 24, 2018 - By Mick Mulvaney January 23, 2018 When I arrived at the Consumer Financial Protection Bureau in November, I told employees that despite what they might have heard, I had no intention of shutting down the bureau. As members of the executive branch, we are charged with faithfully executing the law. Th... More
  • ICYMI: Quashing bureau's payday rule is a win for low-income Americans
    Jan 23, 2018 - By Gregory T. Angelo January 22, 2018 Under new leadership, the Consumer Financial Protection Bureau (CFPB) recently announced plans to reconsider the payday rule, which opens the door to repealing the burdensome regulation outright. A full repeal would be a massive win for American consumers. As i... More
  • Hensarling Statement on CFPB Funding Request
    Jan 18, 2018 - House Financial Services Committee Chairman Jeb Hensarling (TX-05) released the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) funding request letter to the Federal Reserve Board for the Second Quarter of Fiscal Year 2018, requesting $0. "It's refreshing to see ... More
  • Committee Advances 15 Bills
    Jan 18, 2018 - This week, the Financial Services Committee approved 15 bills on a wide range of topics including regulatory relief for community financial institutions, increased investment opportunities, improved access to financing for home buyers, greater consumer protection, and development of a national strat... More
  • House Passes World Bank Accountability Act
    Jan 17, 2018 - On Wednesday, the House voted to pass H.R. 3326, World Bank Accountability Act. This important piece of legislation – which makes a share of future World Bank appropriations contingent on reforms to the Bank’s International Development Association (IDA) – passed the Financial Services Committee with... More