News List

  • A Look Back at 2015
    Dec 22, 2015 - Read on Medium We started this year with three goals: 1. To provide regulatory relief that promotes growth and opportunity for struggling Americans — especially those with low and moderate incomes;2. To perform rigorous oversight so that we were able to craft responsible and effective solutions; an... More
    Dec 18, 2015 - 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... More
  • 3 Takeaways from the Fed's Decision
    Dec 17, 2015 - Unsustainably low rates didn’t solve the problem. If they had, Americans wouldn’t be stuck in the slowest, worst-performing economic recovery of our lifetimes. Too many people are trapped in part-time work and more Americans than ever before have left the workforce all together. We can and must do ... More
  • Hensarling: ‘Unsustainably low interest rates clearly didn’t solve the problem’
    Dec 16, 2015 - 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 ... More
  • CFPB’s Mass Data Collection Threatens Consumers’ Financial Safety
    Dec 16, 2015 - 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 S... More
  • Media Advisory: CFPB Snooping Into Americans' Private Financial Data Subject of Oversight Hearing This Week
    Dec 14, 2015 - 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 Collecti... More
    Dec 11, 2015 - 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... More
  • ICYMI: The Consumer Bureau Cover-Up
    Dec 10, 2015 - 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... More
  • Committee Passes Bipartisan Growth and Consumer Protection Bills
    Dec 9, 2015 - 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 legi... More
  • Hensarling Opening Statement at FSOC Oversight Hearing
    Dec 8, 2015 - “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... More