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Housing Subcommittee Discusses Potential Covered Agreement with the EU

| Posted in Press Releases

WASHINGTON – Today, the Housing and Insurance subcommittee held a hearing to examine international factors affecting domestic insurance markets.  Subcommittee members questioned hearing witnesses on the various international regulatory standards being considered by the G-20, the Financial Stability Board, the International Association of Insurance Supervisors, and other international…

Subcommittee Examines Legislative Proposals to Address Consumer Access to Banking

| Posted in Press Releases

WASHINGTON – Today, the Financial Institutions and Consumer Credit Subcommittee held a hearing to review several legislative proposals designed to help more consumers access banking services. “Today’s hearing is important to consider legislation that can have a tremendous impact on consumer credit and product access and education.  I am pleased our Committee members on both sides of…

Subcommittee Examines the Financial Stability Board

| Posted in Press Releases

WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing to examine concerns with the work and transparency of the Financial Stability Board (FSB), an international organization largely controlled by European central bankers and financial regulators. “It is very troubling that American regulators would relinquish any regulatory authority to unelected European bureaucrats…

WEEK IN REVIEW

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Treasury Secretary Faces ‘Aggressive Questioning’ From Committee Republicans on the Financial Services Committee confronted Treasury Secretary Jake Lew at Thursday’s hearing about the Obama Administration’s decision to pay cash to Iran, labeled by the U.S. State Department as the “foremost state sponsor of terrorism.” Secretary Lew “faced aggressive questioning from Republicans over the…

Media Advisory: Committee Hearing Schedule for the Week of September 26

| Posted in Press Releases

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 26: Tuesday, Sept. 27 at 10:00 a.m. – The Subcommittee on Financial Institutions and Consumer Credit will hold a hearing entitled “Examining Legislative Proposals to Address Consumer Access to Mainstream Banking Services.” The purpose of the hearing is to…

Hensarling Opening Statement at FSOC Oversight Hearing

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew on the Financial Stability Oversight Council (FSOC): With today being the official start of Fall, it’s disappointing that…

ICYMI: Hensarling Addresses Wells-Fargo on CNBC

| Posted in In Case You Missed It

“What appears to be obvious is that two million Americans just got ripped off by their bank and they got let down by their government.  And so I’m not sure that Mr. Stumpf had all the answers.  We’re giving him now, he’s got over a full week to prepare, to go back, to do his homework…We have demanded documents from Wells Fargo, from the Office of Comptroller of the…

Subcommittee Conducts Regulatory Oversight

| Posted in Press Releases

WASHINGTON – The Subcommittee on Capital Markets and Government Sponsored Enterprises today held an oversight hearing to examine the agendas of financial regulators, self-regulatory organizations (SROs) and standards-setters for accounting, auditing and municipal securities. “Since 2011, one of the primary objectives of this Subcommittee – and of the full Financial Services Committee –…

Hensarling: Administration Approval of Commercial Aircraft Sales to Iran Outrageous

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments upon news that the U.S. Treasury Department approved licenses that allow companies to sell commercial aircraft to Iran Air – the state owned national carrier of Iran. “It baffles me how this administration could declare Iran the ‘world’s foremost sponsor of state terrorism’ and label it a…

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