News List

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 »

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 18.7px Calibri; -webkit-text-stroke: #000000} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 14.7px Calibri; -webkit-text-stroke: #000000} p.p3 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px Calibri; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} span.s2 {font: 16.0px Calibri; text-decoration: underline ; font-kerning: none;… Read more »

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 »

Bipartisan legislation aimed at boosting private investments in small businesses and startup companies passed the House 417-3 today. The Supporting America’s Innovators Act updates a nearly 80-year old regulatory requirement that requires certain venture capital funds to register with the Securities and Exchange Commission (SEC) if more than 100 individuals invest in them.  The bill… Read more »

The Financial Institutions and Consumer Credit Subcommittee held a hearing on Thursday on the need to increase transparency in the financial regulatory system and examined opportunities for reform.     “Financial companies are standing on regulatory quicksand, having to constantly shift in an effort to stay afloat.  There are unending attempts to decipher a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray: Today we receive the testimony of Mr. Richard Cordray as he presents again the semi-annual report of the CFPB.  Mr. Cordray, I know that you are here at our committee’s invitation… Read more »

The Monetary Policy and Trade Subcommittee held a hearing on Tuesday to examine the impact the Federal Reserve’s mandate and governance structure are having on the economy. “Unsustainable spending of other peoples’ money, coupled with the most interventionist of monetary policies, left us with a persistent economic funk.  The answer cannot lie with doing even more of the same,” said… Read more »

 House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today in response to news that Boeing has agreed to sell 60 of its jets to an Iranian airline for $6 billion.   “Boeing’s deal with the Islamic Republic of Iran, whose airlifts to the Assad regime have been well documented, was announced on the same day we received reports of a… Read more »