News List

By David B. Rivkin Jr. and Andrew M. Grossman Wall Street Journal The greatest mystery in Washington involves not Russian spies or wiretaps but Richard Cordray’s continued employment as director of the Consumer Financial Protection Bureau. In the face of President Trump’s mandate for change, Mr. Cordray continues the Obama administration’s regulatory crusade against lenders, blocking… Read more »

Want even more information? Visit FinancialCHOICE.GOP.  Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that the Committee will hold a hearing to discuss the Financial CHOICE Act on Wednesday, April 26 at 10:00 a.m.  “Republicans are eager to work with the President to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and Washington accountable, ends… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on President Trump's nominations to the Export-Import Bank: "While Ex-Im's subsidies to foreign competitors continue to threaten free enterprise here at home, I can think of no one more qualified than Scott Garrett and Spencer Bachus to steer the institution towards reform. Having worked with… Read more »

For seven years now, the Dodd-Frank Act has stifled the American Dream — for half of the country. Let me explain. After the 2008 financial crisis, the economy was in dire straits. Washington responded with the Dodd-Frank Act, a sweeping overhaul of the American financial regulatory system, implementing the strongest regulations seen since FDR's New Deal. Since 2008, some of America's… Read more »

By Chairman Jeb Hensarling and Rep. Roger Williams Few Americans are familiar with the Consumer Financial Protection Bureau, but it is the most powerful and least accountable Washington bureaucracy in history and a perfect example of the political left’s dangerous belief that the ends always justify the means.   While the agency has an important mission, it was purposefully… Read more »

By Congressman French Hill (R-AR)  Washington, D.C.'s idea of government may have changed, but the American people's has not. This is a significant observation I have made since returning to Washington after living and working for 25 years in central Arkansas. In Washington, accountability has gone from a focal point of governance to a relative afterthought. The rest of America… Read more »

Unconstitutional CFPB ‘Asleep at the Wheel’ on Wells Fargo Republican members of the committee made the case at a hearing on Wednesday that the Consumer Financial Protection Bureau (CFPB) has harmed consumers, violated due process, failed to comply with congressional subpoenas, and was negligent in investigating Wells Fargo’s sales practices. “The CFPB began an investigation into Wells… Read more »

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Los Angeles Times – Republicans Attack Consumer Financial Watchdog as They Push For His Firing Part of the GOP attack focused on the Wells Fargo case as they argued the watchdog agency “was asleep at the wheel” in identifying that the bank was creating unauthorized accounts and only got involved after the Los Angeles Times and Los Angeles City Attorney Feuer had uncovered the… Read more »