News List

Read on Medium We started this year with three goals: 1. To… Read more »

Subcommittee Questions CFPB's Consumer Data Collection Practice On Wednesday the Financial Services Oversight and Investigations Subcommittee held a hearing to find answers regarding the Consumer Financial Protection Bureau's (CFPB) collection of consumer data. Subcommittee Chairman Sean Duffy (R-WI) warned, "We don’t know – and the American people don’t know – how much personally… Read more »

3 Takeaways from the Fed's Decision Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement about the Federal Reserve’s decision to raise its benchmark interest rate from near zero, where it has been since 2008: “The real question isn’t whether the Fed should be raising interest rates or lowering interest rates; it’s whether the Fed is giving our economy sustainable interest… Read more »

The Consumer Financial Protection Bureau (CFPB) has undertaken a dozen large-scale data collection efforts, gathering highly sensitive information on millions of American consumers even as the Bureau’s director has acknowledged that data held by the CFPB is “not 100 percent secure.” The Financial Services Oversight and Investigations Subcommittee held a hearing today… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Committee’s schedule for this week.  Wednesday, December 16 at 10:30 a.m. - The Oversight and Investigations Subcommittee will hold a hearing to examine the Consumer Financial Protection Bureau’s Mass Data Collection Program.   In a report last year,… Read more »

Committee Passes Bipartisan Bills Aimed at Economic Growth and Consumer Protection The Financial Services Committee on Wednesday approved several bipartisan bills designed to protect consumers, grow the economy and strengthen government transparency. The committee also voted to extend the Task Force to Investigate Terrorism Financing so it can continue examining how the U.S. can… Read more »

Congressman David Scott recently lambasted the Consumer Financial Protection Bureau for its “deceitful” auto-loan regulation based on “shamefully flawed” information. Now it looks like the Georgia Democrat was being kind. The Republican staff of the House Financial Services Committee has released a trove of documents showing that… Read more »

WASHINGTON - The Financial Services Committee today approved several bipartisan measures designed to protect consumers, grow the economy, strengthen government transparency and help lead the fight against terrorists. “I am proud that the Financial Services Committee continues to pass bipartisan legislation, all focused on the priorities of the American people.  These bills can… Read more »

“FSOC typifies not only the shadow regulatory system but also the unfair Washington system that Americans have come to fear and loathe:  powerful government administrators, secretive government meetings, arbitrary rules, and unchecked power to punish or reward. Thus, oversight and reform is paramount." WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX)… Read more »