Tag Archives: House Financial Services Committee

Two subcommittees in the House Financial Services Committee will hold hearings this week following the announcement that Jeb Hensarling (R-Texas) has been elected for a third term as Chairman of that committee.

Wells Fargo Chairman and CEO John Stumpf was questioned by the House Financial Services Committee on Thursday over his bank's retail sales practices, which cost the bank $185 million in penalties from regulators.

On Wednesday, a House Committee bitterly divided over post-crisis financial regulation examined the effectiveness of the Fed's oversight of the country’s financial system.

The Committee on Financial Services held a hearing to receive the “Annual Report of the Financial Stability Oversight Council” and the Secretary of the Treasury’s testimony.

As the country is sharply divided on two of the most polarizing presidential candidates in history, perhaps it is not a surprise that the two major political parties are equally divided on a proposal to roll back Dodd-Frank.

The parties in the House Financial Services Committee have been fiercely debating the merits of the GOP's alternative to Dodd-Frank since it was introduced three months ago.

Congress has taken note of the rise of companies that utilize technology to make financial services more efficient, or fintechs as they have commonly become known, and their increasing role in the financial services market.

The process by which the Financial Stability Oversight Council, an agency created by Dodd-Frank, designates non-bank firms as "systemically important financial institutions" will be examined in a Congressional hearing on Thursday, July 14.

The House Financial Services Committee unanimously passed a bill this week that lifts certain restrictions placed on insurance companies by the federal government and gives states more flexibility to license and regulate private flood insurance.

Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, delivered a public address on Tuesday on the committee’s plan to offer what he terms a “bold and better” alternative to the Dodd-Frank Act, according to an announcement from the committee.