News List

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding reports the Obama Administration is working to provide terrorist-sponsoring Iran with access to the U.S. financial system or give Iran access to U.S. dollars outside the U.S. financial system: “These reports are… Read more »

April Fools. We are not fans of Dodd-Frank and we’re doing something about it. Under Dodd-Frank (a.k.a. Washington’s Financial Control Law), Wall Street’s “too big to fail” banks have… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about today’s court ruling that struck down Washington’s attempt to designate MetLife as a “systemically important financial institution” (SIFI): “Although I obviously wasn’t in the courtroom to hear the evidence, I am very encouraged by today’s ruling.  One of the… Read more »

Treasury’s Failure to Comply Results in Subpoenas The Treasury Department’s refusal to comply with a subpoena and respond to numerous other requests for information led the Financial Services Committee to subpoena four Treasury officials this week.  During a hearing on Tuesday, committee Republicans and Treasury Secretary Jack Lew “sparred over Treasury’s transparency,” reported… Read more »

WASHINGTON – The Subcommittee on Housing and Insurance held a hearing on Tuesday on how government regulations impact the cost of housing. Subcommittee members heard testimony from a panel of witnesses who addressed housing trends and how government policies can promote or hinder the development of affordable housing. “Government has inserted itself into the business of housing by… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew: Before we begin today’s hearing, we need to keep in our thoughts and prayers the victims of this morning’s attacks in Belgium, as well as their loved… Read more »

WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of March 21: Tuesday, March 22 at 10:00 A.M.- The Financial Services Committee will hold a hearing to receive the annual testimony of the Secretary of the Treasury on the State of the International Financial System. Treasury Secretary Jacob Lew will… Read more »

Committee Challenges CFPB Director CFPB Director Richard Cordray appeared before the committee on Wednesday, where he was confronted with questions about how the Bureau’s actions are harming the very consumers it is supposed to protect.  Cordray faced tough questions on everything from the CFPB’s attempt to exceed its powers, to its extravagant building renovation, expected rule to… Read more »

  WASHINGTON – On Wednesday, members of the House Financial Services Committee challenged the Director of the CFPB – a uniquely unaccountable government bureaucracy – over Bureau actions that are harming consumers and abusing and exceeding its already immense powers.  House Republicans… Read more »

WASHINGTON – The FDIC Washington Office used “abusive tactics” and “aggressive and unprecedented efforts” – including pressuring field staff to downgrade examination scores, rejecting underwriting plans and conducting an intrusive examination review – to force banks to stop offering consumers a loan product that is completely legal, according to the… Read more »