News List

CFPB, Dodd-Frank Harms Consumers On Tuesday, CFPB Director Richard Cordray faced intense questioning – from committee members of both parties – particularly about the unaccountable Bureau’s efforts to unfairly pursue auto lenders and dealers, even though the Dodd-Frank Act expressly exempts dealers from the CFPB’s jurisdiction. As Investor’s Business Daily noted in its coverage of the… Read more »

The Financial Services Committee today approved several bipartisan bills designed to protect consumers and help build a healthier economy.   “Consumers are understandably concerned about our economy.  We remain stuck in the worst recovery of the last 70 years.  At the same time, they’re concerned that Washington is taking away their choices and raising many of their costs,… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of five bills to empower consumers and job creators: The Committee meets to consider five important bills, the majority of them bipartisan and all of them designed to protect consumers and help build a healthier economy. Consumers are understandably… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of September 28. Tuesday, September 29 at 10:00 A.M. – The Financial Services Committee will hold a hearing to receive the semi-annual report from Director Richard Cordray of the Bureau of Consumer Financial Protection. When Director Cordray last appeared in front of… Read more »

Dodd-Frank's Impact 5 Years Later: We Are Less Free As the nation marked Constitution Day on Thursday, the Financial Services Committee heard from witnesses that the Dodd-Frank Act makes Americans less free.  By centralizing greater power in the hands of Washington bureaucrats, Dodd-Frank results in a less dynamic economy and a command-and-control system in which regulators dictate… Read more »

WASHINGTON - As America celebrated Constitution Day on Thursday, the Financial Services Committee held a hearing to examine how hardworking Americans are less free because of the Dodd-Frank Act passed by Congress in 2010.  The hearing was the third in a series focused on the harmful impact Dodd-Frank has had on Americans’ prosperity, freedom and financial stability. “Dodd-Frank… Read more »

The turbulent global economy presents the United States with an opportunity to reorient international economic priorities toward free markets, free trade and fiscal responsibility, members of the Financial Services Monetary Policy and Trade Subcommittee said today at a hearing. “The combination of debt and misguided policy decisions being implemented by countries across the globe… Read more »

CLICK HERE TO WATCH WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) reacted to the Federal Reserve’s decision to keep its benchmark interest rates near zero, where they’ve been since December 2008.  During an interview on Bloomberg TV, Chairman Hensarling called the artificially low… Read more »

As the nation marks Constitution Day on Thursday, the Financial Services Committee will hold a hearing on "The Dodd-Frank Act Five Years Later: Are We More Free?" Thursday, September 17 at 10:00 A.M. – The full committee will hold a hearing entitled “The Dodd-Frank Act Five Years Later: Are We More Free?” This will be the third of the committee’s three hearings looking at some of the… Read more »

    CLICK HERE TO WATCH WASHINGTON – U.S. Congressman Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, made the following speech on the House floor Wednesday evening blasting the Obama Administration’s dangerous nuclear arms agreement with Iran and urging… Read more »