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 »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement applauding the Consumer Financial Protection Bureau’s (CFPB) announcements that it is undertaking a sweeping review of agency actions and practices, and that it would revisit a controversial rule relating to payday lenders which was issued by the former director before he left office.
“I want… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement as the committee began consideration of 17 measures on Wednesday:
2017 was one of the most productive years on record for this committee. 12 full committee hearings, 54 subcommittee hearings, 7 markups, 76 bills reported to the House, 36 bills passed, and 6 bills signed into… Read more »
The Subcommittee on Monetary Policy and Trade met today to further examine proposals to reform the Federal Reserve. Proposals reviewed include:
H.R. ____, to amend the Federal Reserve Act to establish requirements for salaries, financial disclosures, and office staff of the Board of Governors of the Federal Reserve System
H.R. ____, to amend the Federal Reserve Act to… Read more »
The Financial Institutions and Consumer Credit Subcommittee met today to examine the following pieces of legislation aimed at improving regulations for financial institutions:
H.R. 1264, the Community Financial Institution Exemption Act
H.R. 2683, the Protecting Veterans Credit Act of 2017
H.R. 4648, the Home Mortgage Reporting Relief Act of 2017
H.R.… Read more »
