News List

  CLICK HERE TO WATCH Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on data and cyber security: Today’s hearing will be focused on protecting consumers and their private financial information in an age of computer… Read more »

FACT:  While Ex-Im claims it is needed to fight subsidies from foreign competitors, just a third of Ex-Im transactions are used for this purpose – according to Ex-Im.     Read more »

The Financial Services Housing and Insurance Subcommittee held a hearing on Thursday to examine how proposed changes to the mortgage settlement process are expected to impact consumers and lenders.  The changes proposed by the Consumer Financial Protection Bureau (CFPB) are scheduled to take effect on August 1.   “Purchasing a home is one of the biggest and most important… Read more »

FACT:  85 indictments were issued in connection with the Export-Import Bank from October 2009 to September 2014.  That’s more than 1 indictment per month. And expect more, says the Bank’s Inspector General. CLICK HERE TO READ Read more »

The Dodd-Frank Act not only failed to respond effectively to the 2008 financial crisis, but it also created a host of new problems and lays the groundwork for the next financial crisis, a House subcommittee heard from witnesses on Wednesday. The Financial Services Subcommittee on Oversight and Investigations, chaired by Rep. Sean Duffy (R-WI), held the hearing to examine assumptions… Read more »

The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, chaired by Rep. Scott Garrett (R-NJ), held its second in a series of hearings on Wednesday to review legislative proposals designed to reduce regulatory burdens so small companies can gain access to job-creating capital.   “As multiple… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) praised Senator Richard Shelby for offering draft regulatory relief legislation aimed at improving Americans’ access to credit. “Having spent the 113th Congress sending dozens of bipartisan, common sense regulatory relief bills to the Senate only to watch them die due to Harry Reid’s obstructionism, it’s encouraging to… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued subpoenas today to three agencies that have refused to comply with requests for information and documents needed to continue active investigations. The three agencies were previously warned that a failure to comply could result in subpoenas. The subpoenas were issued today to: • The Justice Department, which is… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of May 11. Wednesday, May 13 at 9:30 A.M. - The Oversight and Investigations Subcommittee will hold a hearing entitled “The Dodd-Frank Act and Regulatory Overreach.” The hearing will take place in room HVC-210 of the Capitol Visitor Center. Wednesday, May 13 at… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Sean Duffy (R-WI) released the following statement on Tuesday regarding the committee’s investigation into a leak of market-sensitive information from the Federal Open Market Committee: “Oversight of federal agencies is one of Congress’ most important duties, and we are… Read more »