Hensarling is asking for the HUD Secretary to appear before the House Financial Services Committee to answer questions about the effect of recent changes to HUD’s delinquent loan sales program on taxpayers.
Read More »Republicans Roll Out Dodd-Frank Alternative
Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, unveiled the Financial CHOICE Act, a plan he believes will end taxpayer-funded bailouts and provide pro-growth regulatory relief.
Read More »Major Dodd-Frank Reform Proposals are Imminent
Two GOP plans to overhaul the controversial Dodd-Frank Wall Street Reform Act are expected to be revealed in the next week or so.
Read More »War of Words Over Dodd-Frank Heats Up
Rep. Blaine Luetkemeyer (R-Missouri), a senior member of the House Financial Services Committee, told a group of bankers they need to “find a way to neuter” Sen. Elizabeth Warren (D-Massachusetts) and called her the "Darth Vader of the financial world."
Read More »House Committee Issues Subpoenas to DOJ, Treasury, New York Fed
The Committee is accusing the U.S. Department of Justice, the Treasury Department, and the Federal Reserve Bank of New York of obstructing active investigations by withholding crucial information. According to the Committee's announcement, the three agencies were warned that their failure to comply with the Committee's request to turn over the information would result in the issuance of subpoenas.
Read More »House Committee Approves Bills to Provide Regulatory Relief for Banks
Hensarling noted the 11 bills passed by the Committee had bipartisan support and had previously been approved by either the Financial Services Committee or the House of Representatives during the 113th Congress. However, none of the bills came up for a vote in the Senate, which was then under Democratic control.
Read More »Watt Insists 3 Percent Down Payment Loans Are Not Riskier Than Those With Lower LTVs
Federal Housing Finance Director (FHFA) Director Mel Watt, testifying before the House Financial Services Committee, which he once sat on as a Democratic U.S. Representative for North Carolina, insisted that mortgage loans with a 3 percent down payment backed by GSEs are no more riskier than those with a loan-to-value (LTV) ratio of lower than 80 percent.
Read More »Lawmaker Urges CFPB to Abandon Office Renovation Plans
Keeping in line with Republicans' promises of more scrutiny of the Consumer Financial Protection Bureau (CFPB), U.S. Representative Jeb Hensarling (R-Texas) has written a letter urging the CFPB to abandon plans to renovate its office building in favor of more cost-effective alternatives. Hensarling addressed the letter, dated January 12, 2015, to CFPB Director Richard Cordray, Comptroller of the Currency Thomas Curry, and U.S. General Services Administrator Daniel Tangherlini.
Read More »Hensarling Re-Elected as House Financial Services Committee Chairman
Congressman Jeb Hensarling (R-Texas) was elected to a second term as chairman of the House Financial Services Committee on Wednesday for the 114th Congress.
Read More »House Financial Services Committee Sends Fed Reform Bill to a Floor Vote
Congress Wednesday fired its latest rounds in its ever-escalating battle with the Federal Reserve, as a Republican-controlled House committee passed a reform bill aimed at making the Fed more accountable and transparent. The Fed’s has already warned of serious trouble if the nation’s top financial institution were held to formal policy regarding its ability to set interest rates.
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