Financial Services

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 regarding the CFPB’s...

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 the Federal Deposi...

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. The Republican...

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 of Taiwan, her ...

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 regarding the Bur...

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 below. “On February...

Luetkemeyer Discusses Effects of Overregulation on Inflation in Financial Services Committee

| Posted in Press Releases

WASHINGTON, D.C. – Today, in a House Financial Services Committee hearing entitled “The Inflation Equation: Corporate Profiteering, Supply Chain Bottlenecks, and COVID-19,” Congressman Blaine Luetkemeyer (MO-03) discussed the urgent need to lower inflation by reducing regulations on businesses and workers, the disproportionate effect inflation has on low to moderate income consumers, and the need ...

Luetkemeyer, McHenry, Emmer Demand Answers on CFPB Attempt to Usurp FDIC Authority

| 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 Tom Emmer (MN-06), Ranking Member on the Subcommittee on Oversight and Investigations sent letters to Consumer Financial Protection Burea...

Luetkemeyer Leads Letter to End USPS Banking Program

| Posted in Press Releases

WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee led a letter regarding a United States Postal Service (USPS) pilot program that allows customers to exchange a paycheck or business check for a gift card in value up to $500, which has not been approved by the Postal Regulatory Commission (PRC) and is in...

Luetkemeyer, McHenry Urge Regulators to Avoid Operation Choke Point 2.0

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WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee and House Financial Services Committee Ranking Member Patrick McHenry (NC-10) sent letters to the federal prudential regulators to ensure fair access to the American financial system and avoid the unethical practices of the Obama-era Operation Choke Poin...