News List

WASHINGTON –Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments about the Treasury Department’s report on the CFPB rule on arbitration: “Treasury’s report shows that the CFPB is more interested in helping trial lawyers than consumers.  The House has already acted to protect consumers from the Bureau’s harmful rule; the Senate should do the same… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Housing and Urban Development Secretary Ben Carson: Today we welcome the 17th Secretary of the Department of Housing and Urban Development, Dr. Ben Carson for his first appearance before our committee.  In at least one respect, he may be… Read more »

WASHINGTON – The Financial Services Committee on Thursday approved 22 bills, largely bipartisan and largely aimed at helping smaller banks, credit unions, and emerging growth companies. Chairman Hensarling (R-TX) told committee members the bills will promote access to capital, reduce the regulatory burden “that slows our economy and makes it harder for people on Main Street to… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following open statement as the committee began considering 23 bills on Wednesday: Our committee has been very active and productive since the start of the 115th Congress and today we continue that trend as we consider 23 bills as part of this, our fifth markup of the year. Since this Congress… Read more »

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 CFPB on Thursday finalized its rule regulating the pay-day market. These… Read more »

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 Simplification Act of… Read more »

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 U.S. consumers, nearly half of all Americans.  In other words, if you are hearing my… Read more »

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 his first appearance before the committee.  It has been almost a year since an SEC… Read more »

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 Agency.  Director Watt served with distinction… Read more »

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 granted the authority to offer property and auto coverage. “The input from this subcommittee… Read more »