Today, the Financial Stability Oversight Council (FSOC) de-designated Prudential Financial Inc. as a Systemically Important Financial Institution (SIFI). Congressman Blaine Luetkemeyer (MO-03), Chairman of the Financial Institutions and Consumer Credit Subcommittee, released the following statement: “I applaud FSOC’s unanimous decision to remove Prudential’s SIFI designation and I am… Read more »

For the last five years, Congressman Blaine Luetkemeyer (MO-03), Chairman of the Financial Institutions and Consumer Credit Subcommittee, has led the charge against the aptly named “Operation Choke Point.” On Friday, newly-unsealed court documents revealed additional information exposing the blatant intimidation and bias employed by Obama Administration bureaucrats.   Today,… Read more »

For many years, Congressman Blaine Luetkemeyer (MO-03)  Chairman of the Financial Institutions and Consumer Credit Subcommittee has led the charge against the Obama Justice Department’s aptly named “Operation Choke Point.” Today, newly-unsealed court documents revealed additional information about the unconscionable breadth of this initiative. Chairman Luetkemeyer released the… Read more »

Today the United States Senate Confirmed Judge Brett Kavanaugh as the next Supreme Court Justice. Congressman Blaine Luetkemeyer (MO-03) released the following statement: “I’m proud of my Senate colleagues for adhering to the American ideals of fairness and due process throughout this nomination. Congratulations to Justice Brett Kavanaugh on his confirmation to United States Supreme… Read more »

Financial Institutions and Consumer Credit Subcommittee Chairman Blaine Luetkemeyer (MO-03) held a hearing entitled “Examining Opportunities for Financial Markets in the Digital Era.” Chairman Luetkemeyer welcomed a panel of witnesses who discussed many issues including the recently released Fintech report from the Department of Treasury and Chairman Luetkemeyer’s data security… Read more »

Congressman Blaine Luetkemeyer (MO-03) joined his Republican colleagues to pass legislation that makes permanent individual and small business tax provisions contained in the Tax Cuts and Jobs Act. Congressman Luetkemeyer released the following statement after House passage of the Protecting Family and Small Business Tax Cuts Act: “Since President Trump signed comprehensive tax reform… Read more »

Today the House Financial Services Committee passed H.R. 6743, the Consumer Information Notification Requirement Act. The legislation, sponsored by Subcommittee on Financial Institutions and Consumer Credit Chairman Blaine Luetkemeyer (MO-03), will institute a new statutory requirement that all financial institutions notify consumers in the event of a breach involving their personal… Read more »

Today, the Federal Reserve, Bureau of Consumer Financial Protection, Federal Deposit Insurance Corporation, National Credit Union Administration and Office of the Comptroller of the Currency announced an important distinction between guidance and rule. In June, Chairman of the Subcommittee on Financial Institutions and Consumer Credit, Congressman Blaine Luetkemeyer (MO-03), called on… Read more »

On the anniversary of Equifax’s reveal of a massive consumer data breach, Congressman Blaine Luetkemeyer, Chairman of the Subcommittee on Financial Institutions and Consumer Credit, introduced the Consumer Information Notification Requirement Act. Chairman Luetkemeyer released the following statement: “One year ago today we learned that 145.5 million people had their data exposed by a… Read more »

Congressman Blaine Luetkemeyer (MO-03), Chairman of the Subcommittee on Financial Institutions and Consumer Credit, held a roundtable discussion today. Bringing together banking stakeholders, Financial Accounting Standards Board (FASB) officials, and financial regulators to discuss FASB’s Current Expected Credit Loss (CECL) rule, Chairman Luetkemeyer released the following… Read more »