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Subcommittee Hearing Examines Regulatory Burden on Credit Unions

| Posted in Press Releases

The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on credit unions’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Financial Institutions Subcommittee hearing.

ICYMI: Hensarling Profile in Last Friday's WSJ

| Posted in Member Corner

By Patrick O'Conner WASHINGTON—During Jeb Hensarling's first congressional bid, a man at a campaign stop in Athens, Texas, asked the Republican if he was "pro-business." "No," the candidate replied, drawing curious stares from local business leaders who had gathered to hear him speak, a former Hensarling aide recalled. "I'm not pro-business.…

Weekend Must Reads

| Posted in Member Corner

American Banker: Fannie and Freddie Must Go One of the priorities of Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, is to end the conservatorship of Fannie Mae and Freddie Mac and let the private sector take the primary role in operating the residential mortgage industry.  No other country in the world has the equivalent of the hybrid…

Committee Addresses FHFA, Community Banking

| Posted in Member Corner

   FHFA  In 2008, Fannie Mae and Freddie Mac, the two giant government sponsored entities which helped fuel the housing bubble, received the largest bailout in U.S. history. Serving as Acting Director of the Federal Housing Finance Agency (FHFA), Edward DeMarco has been tasked with managing the GSEs’ mortgage portfolio and protecting taxpayers from future…

Hensarling Announces April Hearing Schedule

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for April.  Throughout the month, the committee will continue its focus on creating a sustainable housing finance policy, relieving the regulatory burden on small community financial institutions, and ending “Too Big to Fail.” So far this year the committee has held five…

More Regulations, Fewer Community Banks Due to Dodd-Frank

| Posted in Press Releases

Nearly three years after the enactment of the Dodd-Frank Act, community banks continue to struggle with navigating the confusing, complex, voluminous, and harmful rules and regulations of this law according to a recent report from the Federal Deposit Insurance Corporation (FDIC) reviewed at today’s Financial Institutions Subcommittee hearing.