News List

  • The Implementation of FinCEN’s New Rule
    May 16, 2018 - WASHINGTON – The Terrorism and Illicit Finance Subcommittee met today to examine the implementation and enforcement of the Financial Crimes Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule to improve anti-money laundering efforts while safeguarding the U.S. financial system for its p... More
  • House Votes to Repeal Harmful BCFP Auto Lending Guidance
    May 8, 2018 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on the floor just before the House voted 234-175 to pass S.J. Res. 57, which uses Congressional Review Act (CRA) authority to repeal the Bureau of Consumer Financial Protection’s (Bureau) ... More
  • Financial Institutions Detail Challenges Associated with New FinCEN Regulation
    Apr 27, 2018 - The Financial Institutions and Consumer Credit Subcommittee held a hearing today to review the implementation of the Financial Criminal Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule from the point of view of financial institutions. “As a former banker and bank regulator, I underst... More
  • UPDATE: Committee Schedule for Week of April 23
    Apr 26, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced a change to this Friday’s subcommittee hearing: Friday, April 27 at 9:30 A.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Implementation of FinCEN’s Customer Due Diligence Rule... More
  • SEC Division of Corporation Finance Director Testifies Before Subcommittee
    Apr 26, 2018 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to review the Securities and Exchange Commission’s (SEC) Division of Corporation Finance and analyze how recent activities and future agenda items by the Division will advance the SEC’s mission to both protect inves... More
  • Improving HUD’s Rental Assistance Program
    Apr 25, 2018 - The Housing and Insurance Subcommittee met today to review the Department of Housing and Urban Development’s (HUD) role in rental assistance and a legislative proposal that would adjust rent costs for families in assisted housing. The “Promoting Resident Opportunity through Rent Reform Act,” which w... More
  • Committee Schedule for Week of April 23
    Apr 20, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Committee’s schedule for the week of April 23: Wednesday, April 25 at 2:00 P.M. – The Housing and Insurance Subcommittee will hold a hearing entitled “HUD’s Role in Rental Assistance: An Oversight and Review of Legislati... More
  • Hensarling Responds to Bureau Action on Wells Fargo
    Apr 20, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on an announced settlement between the Bureau of Consumer Financial Protection (Bureau), the Office of the Comptroller of the Currency (OCC) and Wells Fargo which ‘requires the bank to reimburse affecte... More
  • Hensarling Applauds Reversal of Harmful CFPB Action on Auto Lending
    Apr 18, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the Senate’s use of Congressional Review Authority to repeal the CFPB’s controversial 2013 indirect auto lending guidance. “The CFPB’s guidance on auto lending is a perfect example of everything that ... More
  • Improving the Housing Choice Voucher Program
    Apr 17, 2018 - The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program. The proposals are as follows: H.R. __, the “Housi... More