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Chairman Hensarling Announces October Hearing Schedule

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of October.  October 1 at 10:00 A.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing to discuss legislative proposals to bring more accountability, reform and transparency to the Consumer Financial Protection…

Regulation – Not Lack Thereof – Led U.S. into Financial Crisis

| Posted in Member Corner

  Chairman Hensarling Op-Ed | September 24, 2013 Pundits and politicians, including President Obama, used the recent anniversary of the Lehman Brothers collapse to once again blame a lack of government regulations for causing the financial crisis. The great tragedy of the financial crisis, however, was not that Washington regulations…

Sunday Video Message | Rep. Bill Huizenga

| Posted in Member Corner

  Monetary Policy & Trade Subcommittee Vice Chairman Bill Huizenga (Twitter | Facebook) delivers this week's Sunday Video Message on the five year anniversary of the financial crisis. 

HUD IG: Department’s Eight Year Delay Impacts FHA Fund by $15 Billion

| Posted in Member Corner

Last week, the Oversight and Investigations Subcommittee questioned the Department of Housing and Urban Development's (HUD) Inspector General, David Montoya, about reducing waste, fraud, and abuse in the department’s housing programs. All totaled, the latest IG report identified more than $770 million in questionable costs and included recommendations for putting $739.5 million in HUD…

Weekly Rundown

| Posted in Member Corner

The House is in session Tuesday through Friday this week and the committee has two scheduled hearings. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week.  Here's what's happening:  On Wednesday at 10 a.m. the Capital Markets & GSEs Subcommittee will examine the SEC's money market…

Sunday Video Message | Rep. Sean Duffy

| Posted in Member Corner

Financial Institutions & Consumer Credit Subcommittee Vice Chairman Sean Duffy (Twitter | Facebook) delivers this week's Sunday Video Message on our recent hearing with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and his own legislation to curb the CFPB's collection of Americans' personal financial data.

Chairman Hensarling Opening Statement at Hearing on CFPB Semi-Annual Report

| Posted in Press Releases

WASHINGTON --  Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing on the Consumer Financial Protection Bureau's Semi-Annual Report with Director Richard Cordray:  “This morning we welcome Director Richard Cordray, Director of the CFPB, to deliver the bureau’s latest semi-annual report.…

CFPB Promises Answers, Fails to Deliver

| Posted in Member Corner

Consumer Financial Protection Bureau Deputy Director Steve Antonakes appeared before the Subcommittee on Financial Institutions and Consumer Credit in July to discuss the CFPB’s data collection efforts. Below are just a few of the simple questions Mr. Antonakes was unprepared to answer:  How much data is the CFPB collecting and from how many individual consumers?  …