News List

The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to thoroughly examine data security vulnerabilities and identify gaps in state and federal data security regulation.  “More than 15 million Americans were victims of cyber fraud or identify theft last year,” said Subcommittee Chairman Blaine Luetkemeyer (R-MO).  “While data security has been a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement after attending the signing ceremony at the White House today for legislation (H.J. Res. 111) that rejects the CFPB’s rule to deprive consumers of a low-cost, easy way to resolve legal disputes: “Overturning the CFPB’s harmful regulation is a decisive victory for consumers and our… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about today’s Senate committee hearing on the nomination of Scott Garrett to be President of the Export-Import Bank: “The Export-Import Bank is a deeply troubled government agency connected to cases of fraud, bribery and abuse.  Scott Garrett is a true reformer who will steer the Bank in… Read more »

Eliminating waste, fraud and abuse from the Community Development Block Grant’s Disaster Recovery Program administered by the Department of Housing and Urban Development (HUD) was the focus of a hearing today held by the Subcommittee on Oversight and Investigations. From 2001 to 2016, Congress appropriated more than $47 billion in supplemental funding to HUD to address long-term disaster… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the Senate's vote to reject the CFPB’s rule to deprive consumers of a low-cost, easy way to resolve legal disputes without having to hire trial lawyers: “This is a victory for consumers, a defeat for the wealthy trial lawyers lobby and a rejection of the unchecked, unconstitutional and… Read more »

The House on Tuesday passed two financial services bills with overwhelming bipartisan support. H.R. 3898, the Otto Warmbier North Korea Nuclear Sanctions Act Sponsored by Rep. Andy Barr (R-KY), the Otto Warmbier North Korea Nuclear Sanctions Act would impose secondary financial sanctions against North Korea. The legislation would also incentivize stricter sanctions enforcement by… Read more »

WASHINGTON –Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments about the Treasury Department’s report on the CFPB rule on arbitration: “Treasury’s report shows that the CFPB is more interested in helping trial lawyers than consumers.  The House has already acted to protect consumers from the Bureau’s harmful rule; the Senate should do the same… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Housing and Urban Development Secretary Ben Carson: Today we welcome the 17th Secretary of the Department of Housing and Urban Development, Dr. Ben Carson for his first appearance before our committee.  In at least one respect, he may be… Read more »

WASHINGTON – The Financial Services Committee on Thursday approved 22 bills, largely bipartisan and largely aimed at helping smaller banks, credit unions, and emerging growth companies. Chairman Hensarling (R-TX) told committee members the bills will promote access to capital, reduce the regulatory burden “that slows our economy and makes it harder for people on Main Street to… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following open statement as the committee began considering 23 bills on Wednesday: Our committee has been very active and productive since the start of the 115th Congress and today we continue that trend as we consider 23 bills as part of this, our fifth markup of the year. Since this Congress… Read more »