Financial Services

Luetkemeyer on Lawsuit Against Overreaching CFPB

| Posted in Press Releases

WASHINGTON, D.C. – Today Congressman Blaine Luetkemeyer (MO-03), top Republican on the Subcommittee on Consumer Protection and Financial Institutions released a statement regarding a lawsuit filed by the U.S. Chamber of Commerce, Consumer Bankers Association, American Bankers Association among others against the Consumer Financial Protection Bureau (CFPB). The lawsuit is a challenge…

Luetkemeyer Presses Big Bank CEOs on Investments in China

| Posted in Press Releases

WASHINGTON, D.C. – Today in a hearing with the CEOs of America’s largest retail banks in the House Financial Services Committee, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee questioned Jamie Dimon (JPMorgan Chase), Jane Fraser (Citi), and Brian Moynihan (Bank of America) about their respective banks’…

Blaine’s Bulletin: The INDEX Act

| Posted in Columns

There is an alarming trend taking place in our country. Political agendas, specifically climate change, are seeping into areas that have absolutely nothing to do with them. Environmental Social and Corporate Governance (ESG) refers to pressure from progressives on corporate America to take positions on political and social issues that should have no bearing on their business. ESG is…

Luetkemeyer, Huizenga Introduce INDEX Act to Empower American Retail Investors

| Posted in Press Releases

WASHINGTON, D.C. –  Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions and Congressman Bill Huizenga (MI-02), Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee introduced the House companion bill to the Investor Democracy is Expected (INDEX) Act. “This bill…

Luetkemeyer, McHenry Lead Letter to Chopra Regarding Radical Interpretation of UDAAP Policy, Changes to CFPB Procedures

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), top Republican on the Subcommittee on Consumer Protection and Financial Institutions, Congressman Patrick McHenry (NC-10), top Republican on the House Financial Services Committee led a letter with House Financial Services Committee Republicans to Consumer Financial Protection Bureau (CFPB) Director Rohit…

Chopra Commits to Provide Financial Services Committee Legal Documents; Contradicts Statements Made to Senate Banking Committee

| Posted in Press Releases

WASHINGTON, D.C. – Today while being questioned by Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee in the House Financial Services Committee, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra committed to providing the Committee with internal legal documents related to his hostile takeover of…

Luetkemeyer, McHenry, Comer Slam USPS’ Extension of Failed Postal Banking Pilot Program

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection and Financial Institutions, Congressman Patrick McHenry (NC-10), Ranking Member on the House Financial Services Committee, and Congressman James Comer (KY-01), Ranking Member on the Oversight and Reform Committee sent a letter to Postmaster General Louis DeJoy.…

ICYMI: Luetkemeyer Questions Yellen on Russia Sanctions, Need to Prepare for Possible Situation with China

| Posted in Press Releases

WASHINGTON, D.C. –  Yesterday, in the Annual Testimony of the Secretary of the Treasury on the State of the International Financial System in the House Financial Services Committee, Congressman Blaine Luetkemeyer (MO-03) questioned Secretary Yellen about sanctions against Russia in the wake of Putin’s attack on Ukraine, the need to prepare our economy for a possible Chinese invasion…

Luetkemeyer, McHenry Send Letter to Chopra Regarding So-Called “Junk” Fees

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection and Financial Institutions, Congressman Patrick McHenry (NC-10), Ranking Member on the House Financial Services Committee were joined by Financial Services Committee Republicans on a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra…

Luetkemeyer to CFPB: Stick to Protecting Consumers, Stop Denigrating Entire Industries

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Subcommittee on Consumer Protection and Financial Institutions sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding the Bureau’s recent public statements demonizing automobile lenders and servicers. Excerpts and the link to the full letter can be found…