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Oversight and Investigations Subcommittee Chairman McHenry Responds to CFPB Refusal to Attend Hearing

| Posted in Press Releases

Rep. Patrick McHenry (R-NC), Chairman of the Financial Services Committee Oversight and Investigations Subcommittee, made the following comments today after the CFPB released a statement to the press that the Bureau is refusing to send witnesses to the Subcommittee’s hearing on Wednesday: “Discrimination and retaliation are unacceptable, and the Subcommittee next week will hear from a…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Holds First in a Series of Hearings on the Impact of the National Debt On Tuesday, the Financial Services Committee held a hearing on the threat posed by our nation's rising national debt. Tuesday’s hearing was the first in a series of hearings the committee has planned to focus attention on the harmful impact the debt has on economic growth, jobs, national security, and the…

House Republicans attempt to renew focus on debt

| Posted in Member Corner

House Financial Services Committee Chairman Jeb Hensarling is trying to draw attention back to the nation’s mounting debt ahead of midterm elections that are more likely to revolve around Obamacare. The Texas Republican scheduled a series of hearings on the debt, he says, after reading a newspaper article that noted that the national debt had…

House Republican Conference Features Chairman Hensarling

| Posted in Member Corner

From House Republican Conference: On Tuesday, the House Financial Services Committee convened a hearing examining our nation's debt and why it matters. Witnesses included David M. Cote, Chairman and CEO of Honeywell; Alice Rivlin, former Director of the Congressional Budget Office; and Douglas Holtz-Eakin, President of the American Action Forum. In this week’s Committee Spotlight,…

Allegations of Discrimination and Retaliation Against CFPB Employees to Be Focus of Hearing Next Week

| Posted in Press Releases

Allegations that the CFPB has engaged in discrimination and retaliation against its employees will be the subject of a Financial Services Committee Oversight and Investigations Subcommittee hearing next week. The subcommittee hearing comes amid reports, first published in the American Banker, that CFPB managers “show a pattern of ranking white employees distinctly better than…

Media Buzz: Committee Holds First in a Series of Hearings on the Impact of the National Debt

| Posted in Member Corner

On Tuesday, the Financial Services Committee held a hearing on the threat posed by America’s rising national debt. Tuesday’s hearing was the first in a series of hearings the committee has planned to focus attention on the harmful impact the debt has on economic growth, jobs, national security, and the federal government’s ability to fund discretionary spending and entitlement…

Chairman Hensarling: ‘Unsustainable Levels of Debt Are Harming Our Country Today’

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following opening statement at the committee’s hearing on the threat posed by America’s rising national debt. Today’s hearing is the first in a series of hearings the committee has planned to focus attention on the impact the nation’s debt has on economic growth, jobs, national security, and the federal…

National Debt Matters in a Big Way

| Posted in In Case You Missed It

By: Rep. Jeb Hensarling A recent newspaper headline caught my attention: “Debts, Deficits — Once a Focus [in Washington] — Fade From Agenda.” My immediate reaction was “not if I can help it.” So today, the House Financial Services Committee, which I chair, begins a series of hearings focused on why the national debt really does matter and why it matters right now. For something to…

Witnesses: Debt Harms Economy and Makes U.S. Vulnerable to “Whims of Foreign Governments”

| Posted in Press Releases

America’s rising national debt harms our economy, will lead to higher borrowing costs for families, and makes the U.S. vulnerable to “the whims of foreign governments,” expert witnesses are prepared to tell the House Financial Services Committee at a hearing scheduled for Tuesday. “For those who think this is just a Wall Street problem, look at it this way: When 10 year Treasury notes go…

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