News List

  • WSJ: President Cordray Strikes Again
    Oct 10, 2017 - By The Editorial Board Wall Street Journal President Trump hasn’t fired Consumer Financial Protection Bureau (CFPB) director Richard Cordray despite ample cause. Yet the economic costs continue to compound—now with the bureau’s payday-loan rule that seeks to put the industry out of business. The CF... More
  • Committee Schedule for Week of Oct. 9
    Oct 6, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of October 9: Wednesday, October 11 at 10:00 a.m. – The committee will meet to consider the following bills: · HR 477, the “Small Business Mergers, Acquisitions, Sales, and Brokerage Sim... More
  • Consumers Need National Standards for Data Security and Breach Notification
    Oct 5, 2017 - WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to examine the Equifax data breach: On September 7, Equifax announced what it called a “cybersecurity incident” at its business that potentially affects 145 million ... More
  • Committee Encouraged by SEC's Commitment to Help Small Business
    Oct 4, 2017 - WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to review the Securities and Exchange Commission’s agenda, operations and budget: This morning we welcome Securities and Exchange Commission Chairman Jay Clayton for... More
  • Hensarling: Congress Must Tackle Housing Finance Reform
    Oct 3, 2017 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening remarks at today’s hearing on sustainable housing finance reform: Today we welcome back our former colleague and committee member Mel Watt, the Director of the Federal Housing Finance Agen... More
  • Examining the Availability vs. Reliability of Insurance for Non-Profit Organizations
    Sep 28, 2017 - Today the Subcommittee on Housing and Insurance held a hearing to examine insurance for non-profit organizations. The purpose of this hearing was to evaluate the availability of property insurance coverage for non-profit organizations and address whether Risk Retention Groups (RRGs) should be grante... More
  • Bipartisan Flood Insurance Reform Passes House
    Sep 28, 2017 - The House voted 264-155 today for legislation that includes a bipartisan effort to encourage the creation of private flood insurance markets in an effort to provide homeowners with more coverage options at more affordable rates. The bipartisan Flood Insurance Market Parity and Modernization Act, spo... More
  • Subcommittee Reviews Family Self-Sufficiency Program
    Sep 27, 2017 - The Subcommittee on Housing and Insurance held a hearing today to examine the Family Self-Sufficiency Program (FSS), a program that enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies. “Today’s subcommittee on the Famil... More
  • Hensarling Urges Support for Flood Insurance Reform
    Sep 25, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks in support of the Flood Insurance Market Parity and Modernization Act: Mr. Speaker, it’s so obvious to all as we have looked in horror on our television screens to see the devastation of Harvey, Irma and Mari... More
  • Internal Documents Withheld from Committee Show CFPB Rushed to Settle Case Against Wells Fargo Without Investigation
    Sep 19, 2017 - The House Financial Services Committee released a second interim staff report on its investigation into the Wells Fargo fraudulent account scandal and the Consumer Financial Protection Bureau’s (CFPB) enforcement action on the matter. An internal CFPB “Recommendation Memorandum” for the Director – i... More