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Five years ago, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law as one of the largest financial overhauls in our nation's history. The American people were told the law was necessary to ensure stability in the financial sector and prevent future meltdowns. But instead of responsibly studying the root causes of the crisis, Democrats in Washington rushed to regulate and threw a blanket over our entire financial system.
Five years ago, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law as one of the largest financial overhauls in our nation's history. The American people were told the law was necessary to ensure stability in the financial sector and prevent future meltdowns. But instead of responsibly studying the root causes of the crisis, Democrats in Washington rushed to regulate and threw a blanket over our entire financial system.
The CFPB was born out of the Dodd-Frank Act with the purpose of protecting the average American from the big bad wolf – the wolf of Wall Street, that is – and the banks that have been blamed for causing the Great Recession.
The reality, however, according to groups that solely support credit unions, is that the CFPB is hurting the small institutions that have nothing to do with causing 2008's economic crash.
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the Financial Services Committee, has introduced a bill that would require the Consumer Financial Protection Bureau (CFPB) to explain to community banks and credit unions why they are not exempted from certain CFPB rules and regulations as permitted in the Dodd–Frank Wall Street Reform and Consumer Protection Act.
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), today issued the following statement after a recently released video featured Planned-Parenthood's senior director of medical services admitting that the organization alters abortion procedures to harvest and transfer specific organs of aborted fetuses:
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the Financial Services Committee, today released the following statement after an internal Justice Department investigation cleared its own lawyers of unfairly targeting payday lenders in its program Operation Chokepoint:
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas) today released the following statement after the Obama Administration announced it would scale back U.S. sanctions against Iran in exchange for Tehran's promise to limit its nuclear program.
The United States and other world powers reached a historic agreement with Iran on Tuesday that calls for limits on Tehran's nuclear program in exchange for scaling back economic sanctions.
While President Barack Obama said that the landmark deal "stopped the spread of nuclear weapons" in the region, Texas Republican leaders expressed their concerns about the agreement.
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner, spoke with Jon-David Wells on Thursday to discuss his seven bill tax reform plan, Jumpstart America.