News List

  It’s been a rough start to the year for the Dodd-Frank Act, as yet another nonpartisan study finds evidence that the massive law harms Americans.  Not surprisingly, the new report from the Government Accountability Office (GAO) indicates an “increased compliance burden” among community banks and credit unions, which has “begun to adversely affect some lending activities, such… Read more »

Read on Medium In a new report, the Dallas Federal Reserve acknowledged what we all know to be true: community banks are being crushed by the Dodd-Frank Act. The report specifically warned of the consequences of the regulatory burden on small banks saying: “…more than five years after [Dodd-Frank]… smaller community banks are finding it increasingly tough to… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on the death of former Financial Services Committee Chairman Mike Oxley: “I want to extend my deepest sympathy to the Oxley Family during this difficult time. Mike will always be known as an accomplished Member who served his constituents and the House well, especially during his… Read more »

Read on Medium We started this year with three goals: 1. To… Read more »

Subcommittee Questions CFPB's Consumer Data Collection Practice On Wednesday the Financial Services Oversight and Investigations Subcommittee held a hearing to find answers regarding the Consumer Financial Protection Bureau's (CFPB) collection of consumer data. Subcommittee Chairman Sean Duffy (R-WI) warned, "We don’t know – and the American people don’t know – how much personally… Read more »

3 Takeaways from the Fed's Decision Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement about the Federal Reserve’s decision to raise its benchmark interest rate from near zero, where it has been since 2008: “The real question isn’t whether the Fed should be raising interest rates or lowering interest rates; it’s whether the Fed is giving our economy sustainable interest… Read more »

The Consumer Financial Protection Bureau (CFPB) has undertaken a dozen large-scale data collection efforts, gathering highly sensitive information on millions of American consumers even as the Bureau’s director has acknowledged that data held by the CFPB is “not 100 percent secure.” The Financial Services Oversight and Investigations Subcommittee held a hearing today… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Committee’s schedule for this week.  Wednesday, December 16 at 10:30 a.m. - The Oversight and Investigations Subcommittee will hold a hearing to examine the Consumer Financial Protection Bureau’s Mass Data Collection Program.   In a report last year,… Read more »

Committee Passes Bipartisan Bills Aimed at Economic Growth and Consumer Protection The Financial Services Committee on Wednesday approved several bipartisan bills designed to protect consumers, grow the economy and strengthen government transparency. The committee also voted to extend the Task Force to Investigate Terrorism Financing so it can continue examining how the U.S. can… Read more »