News List

  • Media Advisory: Committee Hearing Schedule for the Week of May 23
    May 20, 2016 - WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 23: Tuesday, May 24 at 10:00 A.M. – The Task Force to Investigate Terrorism Financing will hold a hearing – entitled “Stopping Terror Finance: A Coordinated Governmen... More
  • Administration Picked Liberal Activist Groups Over Victims in Bank Settlements
    May 19, 2016 - WASHINGTON - The Financial Services Oversight and Investigations Subcommittee held a hearing today to determine whether the funneling of settlement funds to third party groups as part of the Obama Administration’s settlement agreements with banks subverted congressional appropriations powers. “Since... More
  • Arbitration vs. Litigation
    May 18, 2016 - You’d be hard-pressed to find a consumer willing to pay more and wait longer only to receive a worse result. But that is what’s passing for consumer protection these days in the eyes of the CFPB and its new proposal to outlaw arbitration. For the non-lawyers in the room, arbitration is a form of di... More
  • More Lawsuits, Higher Costs, Rewarding Trial Lawyers
    May 18, 2016 - WASHINGTON – A proposed regulation requiring financial companies to scrap arbitration contracts will lead to higher costs for consumers and less access to credit and new products, witnesses told members of the Subcommittee on Financial Institutions and Consumer Credit on Wednesday. The rule proposed... More
  • Subcommittee Reviews Ideas to Ignite Economic Growth
    May 17, 2016 - WASHINGTON - The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing today to review three legislative proposals to improve the struggling U.S. economy, which grew an abysmal 0.5 percent in the first three months of the year. “Despite the big promi... More
  • Fed Policy Could be Weakening Economy, Witnesses Tell Subcommittee
    May 17, 2016 - WASHINGTON – By paying Federal Reserve member banks above-market interest on reserves, the Fed may be distorting investment decisions and weakening the economy’s performance, several witnesses told the Monetary Policy and Trade Subcommittee at a hearing on Tuesday. “Almost seven years old, the Fed’s... More
  • WEEK IN REVIEW
    May 13, 2016 - 50 Years after the Creation of HUD: Comparing the U.S. and U.K. Housing Models On Thursday, the Housing and Insurance Subcommittee held a hearing to compare the housing models of the United States and the United Kingdom. The hearing was part of a series undertaken by the subcommittee to assess affor... More
  • Media Advisory: Committee Hearing Schedule for the Week of May 13
    May 13, 2016 - WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 16: Tuesday, May 17 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Interest on Reserves and the Fed’s Balance Sheet.” The he... More
  • Hensarling: 'Help Is on the Way'
    May 12, 2016 - WASHINGTON –Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks Thursday at the National Center for Policy Analysis (NCPA) about the committee’s plan to offer reforms to a pro-growth, pro-consumer alternative to the Dodd-Frank Act’s that is harming the economy... More
  • Subcommittee Examines U.S. and U.K. Models for Affordable Housing
    May 12, 2016 - WASHINGTON – The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to as... More