Items Tagged with 'House Financial Services'


  • Hensarling to CFPB's Cordray: Publicly confirm you'll serve your full term

    Or step down from the position
    It’s been a busy year for the Consumer Financial Protection Bureau so far, proposing changes to the Home Mortgage Disclosure Act, banning mandatory arbitration clauses, finalizing the updates to the TILA-RESPA Integrated Disclosure rule and much more. But, to the chair of the House Financial Services, Director Richard Cordray is fairly busy for someone who, some say, will not finish out their full term. Will he stay, or will he go? The HFSC wants to know.
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  • Mnuchin declares support for Republican Dodd-Frank replacement

    Mnuchin: The existing regulatory system is limiting our economy
    The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, took its first official steps towards becoming law on Wednesday. And as the bill moves through the legislative process, it will do so with the support of Steven Mnuchin, the secretary of the Department of the Treasury.
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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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  • Republicans demand answers from HUD's Castro on FHA non-performing loan sales

    Hensarling calls for Castro to appear before House Financial Services Committee
    Last week, HUD and the FHA announced the "most significant improvements to date" to its non-performing loan sales program. But House Financial Services Committee Chairman Jeb Hensarling, R-TX, is less than impressed with those changes, going so far as to question HUD, the FHA, and HUD Secretary Julián Castro's motivations for making the changes.
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  • House Financial Services Committee approves bill to rein in CFPB budget

    Hensarling: We will continue to debate the activities of this particular rogue agency
    The Consumer Financial Protection Bureau, long a target of Republicans on Capitol Hill, is in the crosshairs again, as the House Financial Services Committee approved a bill Wednesday that would bring the CFPB’s budget under Congressional oversight. The CFPB's budget currently comes from the Federal Reserve, which has no oversight of the bureau.
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  • How Rep. Scott Garrett’s anti-gay views are splintering Wall Street

    Bloomberg digs deep on influential member of Committee on Financial Services
    Rep. Scott Garrett, R-N.J., holds undeniable influence on the country’s financial system, and especially the country’s housing financial system. But Garrett’s personal views on the Republican Party’s support of gay candidates place him at the center of a storm that’s currently ripping apart both his party and Wall Street as well.
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