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FSC Majority | Week in Review

| Posted in Member Corner

Committee Explores Dodd-Frank's Impact on Financial Stability On Thursday, the Financial Services Committee held the first of a series of planned hearings on the impacts the Dodd-Frank Act has had in the five years since it was signed into law. Thursday’s hearing focused on whether Dodd-Frank has made the financial system more or less stable, and it comes on the heels of a report from…

Hearing Schedule for the Week of July 13

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of July 13th. Tuesday, July 14th at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing on the Federal Reserve’s lack of transparency and accountability.  The Subcommittee will examine the Federal Reserve’s growing power since the…

Committee Kicks Off Series of Hearings Marking Dodd-Frank Anniversary

| Posted in Press Releases

The House Financial Services Committee on Thursday began its series of hearings on the impact the Dodd-Frank Act has had on consumers, financial markets and the U.S. economy over the five years since President Obama signed it into law. Thursday’s hearing focused on how the massive 2,300-page law and its 400 new…

Subcommittee Examines Dodd-Frank Process for Declaring Banks “Too Big to Fail”

| Posted in Press Releases

  The House Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing Wednesday to examine how and why bank holding companies are designated as “systemically important financial institutions” (SIFIs) under the Dodd-Frank Act. A bank holding company is a company that owns or controls one of more U.S. banks or…

Hearing Schedule for the Week of July 6

| Posted in Press Releases

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of July 6th. Wednesday, July 8 at 1:00 P.M.- A Financial Institutions and Consumer Credit Subcommittee hearing to examine the designation and regulation of Bank Holding Company SIFIs. Witnesses: Harris Simmons, Chairman and Chief Executive…

Committee to Hold Series of Hearings to Mark Dodd-Frank Anniversary

| Posted in Press Releases

July marks the fifth anniversary of the Dodd-Frank Act being signed into law, and Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee will hold three hearings beginning this week to examine how the 2,300-page law has left Americans with less freedom, less prosperity and a less stable financial future. “President Obama signed Dodd-Frank into law five…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Seeks Accountability for Discrimination and Retaliation at the CFPB On Thursday the Oversight and Investigations Subcommittee held a hearing to examine new evidence that discrimination and retaliation against employees at the Consumer Financial Protection Bureau (CFPB) continue. The Committee began its investigation into these allegations in April 2014. Since then, several…

Subcommittee Seeks to Hold CFPB Accountable As Whistleblowers Testify of Discrimination and Retaliation

| Posted in Press Releases

  The House Financial Services Oversight and Investigations Subcommittee held a hearing today to hear new evidence from employees of the Consumer Financial Protection Bureau (CFPB) about discrimination and retaliation at their workplace. The Committee first began investigating allegations of widespread discrimination and retaliation against…