…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 pattern of ranking white employees distinctly better than minorities in… Read more »
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.
“We live in an extremely competitive and dynamic global marketplace, and the United… Read more »
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 measure on a dangerous and unsustainable path; a path that, if unaltered, will… Read more »
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 CFPB is spending $145 million to renovate a $150… Read more »
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 hear from my constituents are “I just can’t make ends meet in this economy” and… Read more »
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 email to more than 1,000 recipients — including 46 people at HUD — asking them to contact… Read more »
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 Housing and Urban Development improperly engaged in lobbying activity and attempted to… Read more »
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. These bills passed the Financial Services Committee on November 21, 2013. H.R. 3193 does… Read more »
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: “Congratulations. You are now a central banker.” Chair Yellen, you face the daunting… Read more »
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. He wrote me, “I am a disabled veteran and have been without work for over a year…all I… Read more »
