News List

  • Internal Documents Reveal Weakness of CFPB’s ‘Disparate Impact’ Claims Against Vehicle Financing Businesses
    Nov 24, 2015 - WASHINGTON -- The statistical method the Consumer Financial Protection Bureau (CFPB) is using to allege racial discrimination in auto lending is “prone to significant error,” according to internal Bureau documents obtained by the House Financial Services Committee. In addition, internal memoranda re... More
  • Committee Releases Hearing Schedule for Week of November 30th
    Nov 24, 2015 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of November 30th. Wednesday, December 2nd at 10:00 A.M. - The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to review thre... More
  • ICYMI: Consumer Watchdog Pushed Discrimination Case on Vulnerable Firm
    Nov 24, 2015 - Consumer Watchdog Pushed Discrimination Case on Vulnerable Firm: Report Republicans say Consumer Financial Protection Bureau targeted Ally on likelihood of settlement to gain restructuring approval By YUKA HAYASHI Nov. 24, 2015 WASHINGTON—When federal regulators launched a controversial crackdown o... More
  • ICYMI: Reining In a Sprawling Federal Reserve
    Nov 20, 2015 - Since the 2008 financial crisis, the Federal Reserve has morphed into a government institution whose unconventional activities and vastly expanded powers would scarcely be recognized by drafters of the original legislation that created it. Regrettably, commensurate transparency and accountability h... More
    Nov 20, 2015 - House Passes Federal Reserve Transparency and Consumer Protection Bills This week the House of Representatives passed seven bipartisan Financial Services Committee bills, including bills to make the Federal Reserve more transparent and accountable and to protect consumers from the Consumer Financial... More
  • House Passes Seven Committee Bills
    Nov 19, 2015 - WASHINGTON - This week the House passed seven bills with bipartisan support from the Financial Services Committee. Below is the list of bills passed by the House: H.R. 3189, the “Fed Oversight Reform and Modernization Act of 2015” Sponsor: Rep. Bill Huizenga (R-MI) H.R. 3189 would improve the econom... More
  • Hensarling Remarks on FORM Act
    Nov 18, 2015 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following comments during the House’s debate on legislation to reform the Federal Reserve to make it more transparent and accountable to the American people: I rise in strong support of H.R. 3189, the FORM Act, to reform the F... More
  • House Passes Two Bipartisan Consumer Protection Bills
    Nov 18, 2015 - WASHINGTON- In an ongoing effort to keep the dangerously unaccountable and powerful Consumer Financial Protection Bureau (CFPB) from harming consumers, the House today passed two bipartisan bills to correct two of the Bureau’s damaging regulatory actions. H.R. 1737, the Reforming CFPB Indirect Auto ... More
  • Chairman Hensarling Calls on SEC to Focus Increased Funding on Mission and Priorities
    Nov 18, 2015 - WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at this morning’s oversight hearing on the Securities and Exchange Commission: This Committee is committed to conducting vigorous oversight of the SEC because the SEC’s three-part mis... More
  • Committee Examines SEC Agenda and Budget
    Nov 18, 2015 - The Financial Services Committee held a hearing today to conduct oversight of the Securities and Exchange Commission (SEC) with SEC Chair Mary Jo White. Committee members discussed the SEC’s budget, which has increased by 64 percent since Fiscal Year 2005, as well as capital formation for small and ... More