News List

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund. “Today’s announcement that Fannie Mae has once again run out of money to pay its own bills is the… Read more »

The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to examine the current data security and breach notification regulatory regime, and identify potential opportunities to reform the current framework in order to reduce vulnerabilities and shortcomings in the system and better protect consumers. As reliance on technology increases, so do data breaches and… Read more »

WASHINGTON—On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership. As Financial Services Committee Chairman… Read more »

WASHINGTON—On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership. As Financial Services Committee Chairman… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Steven Mnuchin on the Annual Report of the Financial Stability Oversight Council (FSOC): Mr. Secretary – this is your first appearance before the House after the Tax Cuts and Jobs Act was signed into law.  I want to let you… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chairman Jerome Powell will appear before the Committee on Wednesday, February 28 at 10 a.m. ET to deliver the Federal Reserve’s semi-annual monetary policy report to Congress and to discuss the state of the economy. The hearing will take place in Room 2128 of the Rayburn House… Read more »

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 »