News List

Two years after its passage, the bipartisan Jumpstart Our Business Startups Act (JOBS Act) is working, but more can be done to open capital markets to small businesses and emerging growth companies, witnesses told the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises.  That is why today’s Subcommittee hearing focused on seven legislative… Read more »

 CLICK HERE TO WATCH House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at… Read more »

On Tuesday at 10:00 a.m. the Full Committee will hold a hearing to examine the economic consequences of recent rulemaking, supervisory, and enforcement actions of the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration and the Office of the Comptroller of the Currency on consumers, community… Read more »

WASHINGTON - The House Financial Services Oversight and Investigations subcommittee heard testimony from witnesses today that the CFPB has a culture of racial and gender discrimination and retaliation against its employees. Allegations that CFPB managers have engaged in discrimination and created “a hostile work environment” were chronicled in a March 6 American Banker article titled… Read more »

WASHINGTON- A whistleblower testifying at today’s Financial Services Oversight and Investigations Subcommittee hearing on allegations of discrimination and retaliation within the CFPB said CFBP Director Richard Cordray “told me that I have to tell my attorneys to back down.” The whistleblower – CFPB attorney Angela Martin – provided the information about Director Cordray’s involvement… Read more »

The House is in session Tuesday through Friday this week. Here’s what’s happening: On Wednesday at 10:00 a.m. the Oversight and Investigations Subcommittee will hold a hearing to examine allegations of discrimination and retaliation within the CFPB. Committee staff has received corroborating information from a CFPB employee who alleges she has experienced gender discrimination and… Read more »

WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Patrick McHenry (R-NC) delivered the following letter in response to an attempt by Democrats to cancel Wednesday’s hearing on allegations of discrimination and retaliation at the CFPB. To view the letter, click here. The subcommittee is scheduled to hear from a… Read more »

… Read more »

Rep. Patrick McHenry (R-NC), Chairman of the Financial Services Committee Oversight and Investigations Subcommittee, made the following comments today after the CFPB released a statement to the press that the Bureau is refusing to send witnesses to the Subcommittee’s hearing on Wednesday: “Discrimination and retaliation are unacceptable, and the Subcommittee next week will hear from a… Read more »

Committee Holds First in a Series of Hearings on the Impact of the National Debt On Tuesday, the Financial Services Committee held a hearing on the threat posed by our nation's rising national debt. Tuesday’s hearing was the first in a series of hearings the committee has planned to focus attention on the harmful impact the debt has on economic growth, jobs, national security, and the… Read more »