News List

  • Media Advisory: Hensarling Announces Fed Chair Yellen Semi-Annual Testimony Date
    Jan 20, 2016 - WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, February 10 at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress. Since Chair Yellen last appeared before ... More
  • Report: Removal of Safeguards Means White Borrowers Receiving Settlement Proceeds Meant for Racial Minorities
    Jan 20, 2016 - WASHINGTON -- The Consumer Financial Protection Bureau is distributing $80 million in settlement proceeds from its enforcement action against Ally Financial and its subsidiary Ally Bank without verifying that recipients are eligible to receive the money. The result is some white borrowers are gettin... More
  • Hensarling on President Obama’s Last State of the Union
    Jan 12, 2016 - WASHINGTON — Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to President Obama’s State of the Union Address. “Given that President Obama used tonight’s State of the Union to take a rhetorical victory lap, the speech should have lasted about t... More
  • ICYMI: “The economy still isn’t working for millions of working Americans.”
    Jan 12, 2016 - WASHINGTON - Ahead of President Obama's last State of the Union Address, Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, spoke with Fox Business and Bloomberg News about his thoughts on creating more opportunity in the American economy. Click here for video hig... More
  • 7 Things President Obama CAN’T Say in His #LastSOTU
    Jan 12, 2016 - 1. A greater percentage of Americans are working than when I took office. 2. Community banks and credit unions are thriving. 3. Too Big To Fail is a thing of the past. 4. Our regulatory system has been streamlined. 5. Median household income has risen. 6. Taxpayers will never have to bailout Wall S... More
  • Committee Releases Hearing Schedule for Week of January 11
    Jan 8, 2016 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of January 11th. Tuesday, January 12 at 10:00 A.M. - The Housing and Insurance Subcommittee will hold a hearing to discuss opportunities and challenges facing ... More
  • ICYMI: More Evidence that Dodd-Frank Continues to Harm Main Street
    Jan 8, 2016 - Two separate reports published at the end of 2015 paint an ugly picture of the impact the Dodd-Frank Act is having on America’s community banks, credit unions, and the customers they serve. The first report from the Dallas Federal Reserve concluded that in the era of Dodd-Frank’s regulatory onslaugh... More
  • Still More Evidence Dodd-Frank Harms Hardworking Americans
    Jan 5, 2016 - It’s been a rough start to the year for the Dodd-Frank Act, as yet another nonpartisan study finds evidence that the massive law harms Americans. Not surprisingly, the new report from the Government Accountability Office (GAO) indicates an “increased compliance burden” among community banks and cre... More
  • Too Small to Succeed?
    Jan 4, 2016 - Read on Medium In a new report, the Dallas Federal Reserve acknowledged what we all know to be true: community banks are being crushed by the Dodd-Frank Act. The report specifically warned of the consequences of the regulatory burden on small banks saying: “…more than five years after [Dodd-Frank]… ... More