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 Court will review the ruling in short order. In the meantime, I take great solace in the fact… Read more »
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 problems and long-term challenges that exist, including examples of how human traffickers avoid… Read more »
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 easier for Americans to access mobile banking services, allowing non-profits like Habitat… Read more »
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 institutions remain able to deliver new and innovative products and services to… Read more »
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 Financial Technology (‘Fintech’) Marketplace.”
Tuesday, January 30 at 2:00 p.m. – The… Read more »
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. The law mandates that we enforce consumer-protection laws, and we will continue to do so… Read more »
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 it stands now, the payday… Read more »
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 a government agency take steps to be responsible with taxpayer money. I've said… Read more »
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 strategy to combat financial crime.
“Even as tax reform is massively boosting our economy,… Read more »
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 unanimous bipartisan support.
IDA is a concessional lending window at the Bank for the… Read more »
