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The CFPB – A Troubled Agency That Has Lost Credibility
Mar 7, 2014
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…Wasting Millions on Office Renovations …Under Investigation …Closed Door Meetings …Shocking Report of Discriminatory Treatment …In Urgent Need of House-Approved Accountability, Oversight and Reform Bill American Banker, 3/6: CFPB Staff Evaluations Show Sharp Racial Disparities “CFPB managers show a...
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Dodd-Frank Harming Global Competitiveness of U.S. Financial Institutions and Markets
Mar 5, 2014
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The cumulative weight of financial regulation – much of it stemming from the 2,300-page Dodd-Frank Act – will harm the global competitiveness of U.S. financial institutions and financial markets, witnesses told the House Financial Services Oversight and Investigations Subcommittee at a hearing today...
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Chairman Hensarling Speaks During House Debate on Flood Insurance Bill
Mar 4, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following floor remarks on H.R. 3370: Click here to view Chairman Hensarling's remarks. Mr. Speaker: Our nation is tragically going broke. Our national debt, which has skyrocketed under this president, is clearly by any ...
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Media Buzz: House Passes Bill with Bipartisan Support to Bring Accountability, Transparency to CFPB
Feb 28, 2014
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The House passed the Consumer Financial Freedom and Washington Accountability Act (H.R. 3193) with bipartisan support yesterday to bring greater accountability and transparency to the powerful and uniquely unaccountable CFPB. VIDEO: Chairman Hensarling’s Floor Statement on H.R. 3193: “Today, the CFP...
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Chairman Hensarling Floor Remarks on the Consumer Financial Freedom and Washington Accountability Act
Feb 27, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following floor remarks on H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act: Mr. Chairman, we are now into the sixth year of the Obama administration and probably the two most common comments I...
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Financial Services Subcommittee Investigation Leads to Federal Probe of HUD
Feb 25, 2014
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An internal federal probe has concluded that Maurice Jones, Virginia Gov. Terry McAuliffe’s new commerce secretary, improperly lobbied Congress while he was in the Obama administration last year. Mr. Jones, who was a deputy secretary at the U.S. Department of Housing and Urban Development, sent an e...
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Report: HUD Official Interfered With, Attempted to Obstruct Federal Investigation of Agency’s Lobbying Activity
Feb 25, 2014
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NOTE: Subcommittee hearing Wednesday, Feb. 26 at 10 a.m. on Inspector General’s report in Room 2128 Rayburn Building. Inquiries from the House Financial Services Subcommittee on Oversight and Investigations led to an Inspector General’s report that reveals senior officials at the Department of Housi...
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House to Consider CFPB Accountability Reforms This Week
Feb 24, 2014
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On Thursday, February 27 the House will consider H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act, sponsored by Financial Services Committee member Rep. Sean Duffy (R-WI). H.R. 3193 is a package of bills to bring greater accountability and transparency to the powerful CFPB...
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Chairman Hensarling Delivers Opening Statement at Hearing on Monetary Policy and State of the Economy
Feb 11, 2014
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We welcome Chair Yellen for her first of many Semi-Annual Humphrey-Hawkins appearances before our Committee. Chair Yellen, you may recall that just two months after Alan Greenspan became Fed Chairman in 1987 the stock market crashed. At that time Paul Volcker sent him a short note that read: “Congra...
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Hensarling: Wall Street and Washington Must Be Held Accountable
Feb 5, 2014
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s hearing on how the Dodd-Frank Act’s Volcker Rule will impact jobs. During our last Volcker Rule hearing I mentioned receiving correspondence from a constituent of mine, Joseph of Mabank, Texas. H...
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