News List

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after the United States Supreme Court – in a 9-0 vote – ruled that President Obama exceeded his Constitutional authority when he filled vacancies on the National Labor Relations Board in 2012. “President Obama appointed Richard Cordray to head the CFPB at the same time and in the exact… Read more »

  CLICK HERE TO WATCH WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing “Examining Reauthorization of the Export-Import Bank: Corporate Necessity or Corporate Welfare?”: Today we will examine… Read more »

  By Damian Paletta   The U.S. Export-Import Bank has suspended or removed four officials in recent months amid investigations into allegations of gifts and kickbacks, as well as attempts to steer federal contracts to favored companies, several people familiar with the matter said. One employee, Johnny Gutierrez, an official in the… Read more »

The Financial Services Committee will hold the following hearings this week: Tuesday, June 24 at 10 a.m. – The Committee will hear from Treasury Secretary Jacob Lew on the Annual Report of the Financial Stability Oversight Council. Wednesday, June 25 at 10 a.m. – The Committee will hold a hearing entitled:  “Examining Reauthorization of the Export-Import Bank:  Corporate… Read more »

  CLICK HERE TO WATCH In this week's FSC Video Message, watch Rep. Lynn Westmoreland (Twitter|Facebook) discuss concerns about the massive amounts of private data the CFPB is collecting on millions of Americans and how his legislation, the CFPB Data Collection Security Act, will help consumers. Read more »

The House Financial Services Committee today approved legislation to bring much needed reforms to the Terrorism Risk Insurance Act (TRIA) and much needed transparency and accountability to the Financial Stability Oversight Council (FSOC). Speaking about the TRIA Reform Act, Chairman Jeb Hensarling (R-TX) said , “I do believe this bill is a reasonable set of changes to improve a… Read more »

Committee Seeks Accountability at the CFPB On Tuesday, the full committee held a hearing with Director Richard Cordray to receive the fifth Semi-Annual Report of the Consumer Financial Protection Bureau.  "Since Director Cordray last appeared before our committee in January, we have learned much. First, we have learned in the first quarter of this year we actually had negative… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of legislation to bring much needed reforms to the Terrorism Risk Insurance Act (TRIA) and much needed transparency and accountability to the Financial Stability Oversight Council (FSOC):   … Read more »

   CLICK HERE TO WATCH   ​House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with CFPB Director Richard Cordray: This morning we welcome back Director Cordray to deliver testimony on the fifth… Read more »

Note:  The Financial Services Committee will hold two hearings about the CFPB on Wednesday, June 18.  At 10 a.m., the full committee will hear from CFPB Director Richard Cordray.  At 2 p.m., the Financial Services Oversight and Investigations Subcommittee will hear from CFPB whistleblowers during its third hearing on allegations of discrimination and retaliation within the… Read more »