News List

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s updated schedule for the week of February 1. Tuesday, February 2 at 10:00 A.M.  – The Financial Services Committee will hold a markup of its Views and Estimates on the budget for fiscal year 2017. Tuesday, February 2 at 2:00 P.M. - The Subcommittee on Oversight… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, February 10 at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress.  Since Chair Yellen last appeared before the Committee to report on monetary policy and the state of the economy in July 2015,… Read more »

WASHINGTON -- The Consumer Financial Protection Bureau is distributing $80 million in settlement proceeds from its enforcement action against Ally Financial and its subsidiary Ally Bank without verifying that recipients are eligible to receive the money.  The result is some white borrowers are getting settlement checks over alleged racial discrimination against African-Americans,… Read more »

WASHINGTON — Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to President Obama’s State of the Union Address. “Given that President Obama used tonight’s State of the Union to take a rhetorical victory lap, the speech should have lasted about two minutes rather than over an hour. The American people feel no victory in… Read more »

WASHINGTON - Ahead of President Obama's last State of the Union Address, Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, spoke with Fox Business and Bloomberg News about his thoughts on creating more opportunity in the American economy. Click here for video highlights.  Excerpts: “What we hear from the White House is that this is… Read more »

1.      A greater percentage of Americans are working than when I took office.  2.      Community banks and credit unions are thriving.   3.      Too Big To Fail is a thing of the past. 4.      Our regulatory system has… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of January 11th. Tuesday, January 12 at 10:00 A.M. - The Housing and Insurance Subcommittee will hold a hearing to discuss opportunities and challenges facing the National Flood Insurance Program.  Wednesday, January 13 at 9:15 A.M. –… Read more »

Two separate reports published at the end of 2015 paint an ugly picture of the impact the Dodd-Frank Act is having on America’s community banks, credit unions, and the customers they serve. The first report from the Dallas Federal Reserve concluded that in the era of Dodd-Frank’s regulatory onslaught, many community financial institutions may be “too small to succeed.” The report went to… Read more »

  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 »