Items Tagged with 'House Financial Services Committees'

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Tensions escalate at House hearing on constitutionality of the CFPB

This just brings more harm than good
Well, this is awkward. Four witnesses on the constitutionality of the Consumer Financial Protection Bureau sat before a House subcommittee on Tuesday morning, lending their expert knowledge to help sort through the current state of confusion around the bureau. The only problem is that they could barely get a word in edgewise. House Republicans profusely thanked them for coming as House Democrats condemned the hearing entirely.
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Maxine Waters accuses Wells Fargo execs of dodging fake account inquiries

Says execs questioned by Republicans, but won't sit for Democrats
Wells Fargo executives are dodging additional Congressional inquiries into the bank’s massive fake accounts scandal, Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., said last week in a letter sent to Wells Fargo CEO Timothy Sloan. Click the headline for more on Waters' accusation and what Wells Fargo says about it.
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[Watch] Hensarling: Dodd-Frank reform is a this-year priority

Congress only in the beginning stages
House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is at the forefront of reforming Dodd-Frank, spearheading one of the most prominent options to change the controversial act. His position of authority brings a lot more weight to his recent comments during a CNBC interview where he stated that dealing with Dodd-Frank is a this-year priority.
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Hensarling compares CFPB to a tyranny

House Financial Services Committee Chairman continues assault on CFPB
It’s probably safe to say that House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is no fan of the Consumer Financial Protection Bureau. And as Hensarling told the Dallas Morning News in a recent interview, there are plenty of good reasons to change the CFPB.
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Hensarling plan for drastic overhaul of CFPB and Dodd-Frank revealed?

More aggressive version of CHOICE act
A new memo about future plans reportedly from House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, reveals an even more aggressive version of the Financial CHOICE Act, the Republican-led effort to repeal and replace Dodd-Frank. The memo, obtained by CNBC’s Ylan Mui, shows the Consumer Financial Protection Bureau is slated to face some of the most drastic changes. Is this finally the end for CFPB Director Richard Cordray?
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Hensarling, Waters chosen to lead House Financial Services Committee again

Representatives from Texas and California to serve as committee leadership
The halls and chambers of Congress are certainly going to look different when the 115th Congress begins its term in January. The leadership of the House Financial Services Committee, on the other hand, will look just the same as it has in the last two Congressional terms, as Rep. Jeb Hensarling, R-Texas, and Rep. Maxine Waters, D-Calif., will again serve as the committee’s leaders.
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Trump reportedly considering Rep. Jeb Hensarling to lead Treasury

House Financial Services Committee chairman to cabinet post?
In another indication of how President-elect Donald Trump plans to pursue financial reform, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is reportedly being considered to serve as Secretary of the Treasury in the Trump administration.
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Wells Fargo heat turned up: Oregon wants big changes, California wants Stumpf to resign

Another state wants structural changes at embattled megabank
The hot seat Wells Fargo CEO John Stumpf currently resides on is nowhere close to cooling off, especially in the wake of Stumpf’s rough appearance Thursday before the House Financial Services Committee to discuss the bank’s fake account scandal. Now, two separate states are calling for significant changes at Wells Fargo, with one calling for Stumpf's resignation.
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Maxine Waters: I'm going to move forward to break up Wells Fargo

Ranking Member of House Financial Services Committee vows to break up bank
Throughout Wells Fargo CEO John Stumpf’s rough day in front of the House Financial Services Committee, multiple representatives called for the bank to be broken up, suggesting that the megabank is simply too big to manage effectively. But as the hearing neared its conclusion, the ranking member of the committee, Rep. Maxine Waters, D-Calif., went beyond her fellow representatives’ calls to break up Wells Fargo, stating that she is going to actually move to break up the bank.
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