News List

A spokesperson for the House Financial Services Committee made the following statement regarding President Obama’s decision to visit the temporary headquarters of the CFPB today: “It’s pretty bold for President Obama to visit an agency mired in controversy over employee discrimination that’s also leasing office space in a building owned by an Obama bundler while its Washington… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about President Obama’s meeting with financial regulators to discuss implementation of Dodd-Frank Act regulations: “Dodd-Frank is every bit as far-reaching in its harmful consequences for struggling Americans as Obamacare.  Thanks to Dodd-Frank, it is harder for low and moderate income… Read more »

The CFPB and the game show Jeopardy! seem to have an interesting connection (see here and here). Although this week’s Jeopardy! contestants couldn’t name the agency, the unaccountable CFPB is certainly making a name for itself in all the wrong ways.   Here are five more answers that probably ended up on the cutting room floor in the Jeopardy! Studio: … Read more »

President Obama recently voiced concerns about the negative impact of “endless regulations” in foreign countries.  Millions of unemployed and underemployed Americans must be wondering why he isn’t as concerned about the economic harm caused by the “endless regulations” of his own administration here in the U.S.A. While the American people are repeatedly told that nothing is getting… Read more »

  Currently, there are millions of Americans unemployed and underemployed in this struggling economy. And right now, job number one for the Financial Services Committee is job creation and economic growth.  We have passed dozens of bipartisan, pro-jobs bills. OK, great. Now, they should pass through the Senate, right? Wrong. Senator… Read more »

   GAO: CFPB Should Take Steps to Protect Consumer Data Collected From Banks “The data collection is the latest flash point between the three-year-old bureau and its critics, including Republican lawmakers, who say the agency is overstepping its authority. Republicans and business… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today released the following statement on the Government Accountability Office (GAO) report showing the CFPB is not taking adequate steps to protect the private financial data it is collecting on millions of Americans: “It literally took an act of Congress to obtain this information because the unaccountable CFPB would not… Read more »

Subcommittee Examines the Financial Stability Oversight Council ("FSOC") The Oversight and Investigations Subcommittee held a hearing on Wednesday to examine FSOC's operations, policies, and procedures. The subcommittee discussed the FSOC's failure to address recommendations from the Government Accountability Office (GAO) and highlighted the need for greater transparency and… Read more »

Today, the House of Representatives passed H.R. 4, the Jobs for America Act, which contains two House Financial Services Committee regulatory relief bills. “With millions of our fellow Americans unemployed and underemployed in this struggling economy, job number one for the Financial Services Committee is job creation and economic growth.  During this Congress, our committee has… Read more »

The House on Friday will consider H.R. 4, the Jobs for America Act, which contains two House Financial Services Committee regulatory relief bills that have received broad bipartisan support. “With millions of our fellow Americans unemployed and underemployed in this struggling economy, job number one for the Financial Services Committee is job creation and economic growth. … Read more »