As part of the Financial Services Committee’s year-long examination of the Department of Housing and Urban Development (HUD) during its 50th anniversary year, the Housing and Insurance Subcommittee held a hearing today to examine how the federal government can better provide housing assistance in the 21st century and serve the housing needs of low-income individuals and… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of Oct. 19.
Oct. 21 at 10 a.m. – The Financial Institutions and Consumer Credit Subcommittee will discuss legislative proposals to reduce regulatory burdens on Main Street job creators.
Oct. 21 at 2 p.m. – The Housing and Insurance Subcommittee… Read more »
The Monetary Policy and Trade Subcommittee, chaired by Rep. Bill Huizenga (R-MI), held a hearing today to examine the role of multilateral development banks in the global economy and how they can more effectively spur economic growth to alleviate poverty.
Multilateral development banks, known as MDBs, are the World Bank and four smaller regional institutions that provide loans and grants… Read more »
House Passes Bipartisan Consumer Protection and Regulatory Relief Bills
The House passed five bipartisan Financial Services bills this week, including one that provides a formal hold-harmless period for those making a good faith effort to comply with the CFPB’s 1,888-page TRID rule, which became effective on Oct. 3.
The bill, H.R. 3192, the Homebuyers Assistance Act sponsored by Rep.… Read more »
The House on Wednesday passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a vote of 303-121.
The bill, the Homebuyers Assistance Act, provides a four-month grace period for businesses that are working in good faith to comply with a new 1,888-page rule from the CFPB that went into effect Oct. 4.
“Without this bill,… Read more »
This week, the House of Representatives will consider five bills approved by the Financial Services Committee to hold unelected Washington bureaucrats accountable so that consumers can achieve financial independence.
“Consumers are understandably concerned about our economy. We remain stuck in the worst recovery of the last 70 years. At the same time, they’re concerned that… Read more »
CFPB, Dodd-Frank Harms Consumers
On Tuesday, CFPB Director Richard Cordray faced intense questioning – from committee members of both parties – particularly about the unaccountable Bureau’s efforts to unfairly pursue auto lenders and dealers, even though the Dodd-Frank Act expressly exempts dealers from the CFPB’s jurisdiction.
As Investor’s Business Daily noted in its coverage of the… Read more »
The Financial Services Committee today approved several bipartisan bills designed to protect consumers and help build a healthier economy.
“Consumers are understandably concerned about our economy. We remain stuck in the worst recovery of the last 70 years. At the same time, they’re concerned that Washington is taking away their choices and raising many of their costs,… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of five bills to empower consumers and job creators:
The Committee meets to consider five important bills, the majority of them bipartisan and all of them designed to protect consumers and help build a healthier economy.
Consumers are understandably… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of September 28.
Tuesday, September 29 at 10:00 A.M. – The Financial Services Committee will hold a hearing to receive the semi-annual report from Director Richard Cordray of the Bureau of Consumer Financial Protection. When Director Cordray last appeared in front of… Read more »
