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Committee Kicks Off Series of Hearings Marking Dodd-Frank Anniversary

| Posted in Press Releases

The House Financial Services Committee on Thursday began its series of hearings on the impact the Dodd-Frank Act has had on consumers, financial markets and the U.S. economy over the five years since President Obama signed it into law. Thursday’s hearing focused on how the massive 2,300-page law and its 400 new…

Subcommittee Examines Dodd-Frank Process for Declaring Banks “Too Big to Fail”

| Posted in Press Releases

  The House Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing Wednesday to examine how and why bank holding companies are designated as “systemically important financial institutions” (SIFIs) under the Dodd-Frank Act. A bank holding company is a company that owns or controls one of more U.S. banks or…

Hearing Schedule for the Week of July 6

| Posted in Press Releases

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of July 6th. Wednesday, July 8 at 1:00 P.M.- A Financial Institutions and Consumer Credit Subcommittee hearing to examine the designation and regulation of Bank Holding Company SIFIs. Witnesses: Harris Simmons, Chairman and Chief Executive…

Committee to Hold Series of Hearings to Mark Dodd-Frank Anniversary

| Posted in Press Releases

July marks the fifth anniversary of the Dodd-Frank Act being signed into law, and Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee will hold three hearings beginning this week to examine how the 2,300-page law has left Americans with less freedom, less prosperity and a less stable financial future. “President Obama signed Dodd-Frank into law five…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Seeks Accountability for Discrimination and Retaliation at the CFPB On Thursday the Oversight and Investigations Subcommittee held a hearing to examine new evidence that discrimination and retaliation against employees at the Consumer Financial Protection Bureau (CFPB) continue. The Committee began its investigation into these allegations in April 2014. Since then, several…

Subcommittee Seeks to Hold CFPB Accountable As Whistleblowers Testify of Discrimination and Retaliation

| Posted in Press Releases

  The House Financial Services Oversight and Investigations Subcommittee held a hearing today to hear new evidence from employees of the Consumer Financial Protection Bureau (CFPB) about discrimination and retaliation at their workplace. The Committee first began investigating allegations of widespread discrimination and retaliation against…

Hensarling: ‘Disparate Impact’ Ruling to Have Negative Consequences for All Americans

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement after the U.S. Supreme Court upheld the use of the controversial “disparate impact” legal theory, saying those who file housing discrimination lawsuits don’t have to show they were victims of intentional discrimination: “America is based on equal opportunity, not equal results. The dubious legal…

Hensarling Statement on Expiration of Export-Import Bank’s Charter

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the upcoming expiration of the Export-Import Bank’s charter: “This is a small step toward renewing a competitive free-market economy and arresting the rise of the progressive welfare state and the cronyism connected to it.  Ex-Im is not only corporate welfare, it is corporate welfare for…

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