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Chairman Hensarling’s Opening Statement at Markup of TRIA and FSOC Reform Bills

| 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 legislation to bring much needed reforms to the Terrorism Risk Insurance Act (TRIA) and much needed transparency and accountability to the Financial Stability Oversight Council (FSOC):   …

'Disturbing Developments' at CFPB Show Need for Accountability

| Posted in Press Releases

   CLICK HERE TO WATCH   ​House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with CFPB Director Richard Cordray: This morning we welcome back Director Cordray to deliver testimony on the fifth…

Committee Holding 2 Hearings on CFPB Tomorrow

| Posted in Member Corner

Note:  The Financial Services Committee will hold two hearings about the CFPB on Wednesday, June 18.  At 10 a.m., the full committee will hear from CFPB Director Richard Cordray.  At 2 p.m., the Financial Services Oversight and Investigations Subcommittee will hear from CFPB whistleblowers during its third hearing on allegations of discrimination and retaliation within the…

Subcommittee Continues Investigation of CFPB

| Posted in Press Releases

The House Financial Services Oversight and Investigations Subcommittee voted today to authorize subpoenas for two more whistleblowers who have come forward alleging discrimination and retaliation at the CFPB. The whistleblowers -- CFPB Examiner Ali Naraghi and former Bureau employee Kevin Williams – asked to be subpoenaed in order to protect their interests and guard against further…

Chairman Hensarling Discusses Washington Accountability, Jobs Legislation

| Posted in Press Releases

  CLICK HERE TO WATCH  WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following opening statement at today’s full committee markup: 12.2 percent. That is the rate of underemployment or real unemployment in today’s economy. The latest figures show…

ICYMI | WSJ: The GOP's Antique Bank

| Posted in Member Corner

WSJ Editorial | June 9, 2014 One issue that has Republicans at the grass roots tearing at each other instead of fighting Democrats is the sense that the Beltway GOP protects…

Committee Hearing Schedule for Week of June 9

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of June 9: Tuesday, June 10 at 10:00 A.M.- The full committee will mark up legislation to bring much needed accountability and transparency to the CFPB.  It will also consider bills designed to improve capital formation for job-creating small businesses and…

FSC Majority | Weekly Video Message: Rep. Scott Garrett on FSOC

| Posted in Press Releases

CLICK HERE TO WATCH Last week, the Financial Services Committee held a hearing to examine the Financial Stability Oversight Council’s (FSOC) designation process for deeming banks and non-bank firms as “systemically important” and the impact of such designations. Watch Rep. Scott Garrett (Twitter|Facebook) discuss those ideas and more in this week's FSC Video Message.

FSC Majority | Week in Review

| Posted in Member Corner

Committee Examines the Dangers of FSOC’s Designation Process On Tuesday, the full committee held a hearing to examine the Financial Stability Oversight Council’s (FSOC) designation process for deeming banks and non-bank firms as “systemically important” and the impact of such designations. "FSOC was established—or so its…

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