News List

  • Internal Documents Withheld from Committee Show CFPB Rushed to Settle Case Against Wells Fargo Without Investigation
    Sep 19, 2017 - The House Financial Services Committee released a second interim staff report on its investigation into the Wells Fargo fraudulent account scandal and the Consumer Financial Protection Bureau’s (CFPB) enforcement action on the matter. An internal CFPB “Recommendation Memorandum” for the Director – i... More
  • Hensarling Visits Houston After Hurricane Harvey Destruction
    Sep 18, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after visiting Houston and meeting with victims of Hurricane Harvey’s destruction: “In Houston, I toured the damage and met with local and federal officials about future relief and much needed flood in... More
  • Subcommittee Considers Toughest Financial Sanctions Ever Directed at North Korea
    Sep 13, 2017 - The Subcommittee on Monetary Policy and Trade held a hearing today to review legislation to impose financial sanctions targeting North Korea to curb the rogue nation’s development of weapons of mass destruction and ballistic missiles. The hearing also addressed the adequacy of the existing sanctions... More
  • Flood Insurance Program is Broke and Broken
    Sep 13, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after FEMA announced it will likely need Congress to increase the borrowing authority of the National Flood Insurance Program: “For the victims who paid for flood insurance policies with the Nation... More
  • Subcommittees Team Up to Examine the Relationship Between Prudential Regulation and Monetary Policy at the Federal Reserve
    Sep 12, 2017 - The Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Monetary Policy and Trade held a joint hearing today that examined the relationship between prudential regulation and monetary policy at the Federal Reserve. The main goal of the hearing was to determine whether t... More
  • Providing Oversight to the Financial Industry Regulatory Authority
    Sep 8, 2017 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing yesterday to provide oversight of the Financial Industry Regulatory Authority (FINRA), including its activities and policies as an independent, not-for-profit organization authorized by Congress to act as a self-regulator... More
  • Hensarling: Committee Will Hold Hearing on Troubling Equifax Data Breach
    Sep 8, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) said his committee will hold a hearing on the Equifax data breach that has potentially compromised the personal information of roughly 143 million Americans. “This is obviously a very serious and very troubling situation and our commi... More
  • Subcommittee Examines Legislation to Improve Regulations
    Sep 7, 2017 - The Financial Institutions and Consumer Credit Subcommittee met today to examine several pieces of legislation aimed at improving the regulatory environment in order to boost economic growth. “The legislation discussed in the Subcommittee today will better allow financial companies to serve their cu... More
  • Combating Financial Backing of Lone-Wolf and Small-Scale Terrorist Attacks
    Sep 6, 2017 - The Terrorism and Illicit Finance Subcommittee held a hearing today to analyze strategies to combat financial backing of lone-wolf and small-scale terrorist attacks. “Efforts to combat terrorist financing have traditionally focused on large scale funding sources; however, small-scale and lone-wolf s... More
  • Before You Leave The Swamp...
    Aug 4, 2017 - By James Freeman Aug. 4, 2017 Republican staff of the House Financial Services Committee have completed a legal analysis concluding there is sufficient basis for Congress to initiate contempt proceedings against Consumer Financial Protection Bureau Director Richard Cordray. The staff report, which m... More