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  • Rep. Hill Supports CFPB Action to Promote FinTech Innovation
    Posted in Press Releases on September 10, 2019 | Preview rr
    Tags: Financial Services, Jobs and Economic Growth

    WASHINGTON, D.C. — Today, Congressman French Hill (AR-02), Ranking Member of the House Financial Services Financial Technology (FinTech) Task force, released the following statement in support of three new policies issued by the Consumer Financial Protection Bureau (CFPB) aimed at promoting FinTech Innovation: “If America wants to remain competitive in today's fast-paced, 21st century economy, we must ensure our regulations are helping, not hurting, entrepreneurs. Too often, forward-thinking sta... Read more

  • Rep. Hill Applauds CFPB Move to Shrink GSE Footprint in Mortgage Market
    Posted in Press Releases on July 26, 2019 | Preview rr
    Tags: Financial Services

    WASHINGTON, D.C. – Today, Ranking Member of the House Financial Services Committee Task Force on Financial Technology (FinTech), Congressman French Hill (AR-02), released a statement in support of the Consumer Financial Protection Bureau’s (CFPB) decision to end the Qualified Mortgage (QM) patch for Government Sponsored Enterprises (GSEs). This temporary provision, created in 2013 and set to expire in 2021, makes mortgages possible for buyers with high debt relative to their incomes. “Allowing F... Read more

  • Hill, Cohen Introduce Bipartisan Bill to Improve Living Conditions for Low-Income Families
    Posted in Press Releases on July 26, 2019 | Preview rr
    Tags: Accountability, Financial Services

    WASHINGTON, D.C. — This week, Congressman French Hill (AR-02) joined Congressman Steve Cohen (D-TN) in introducing the Housing Accountability Act, bipartisan, bicameral legislation to hold Section 8 housing landlords accountable for poor living conditions. Following introduction of the bill, Congressman Hill and Congressman Cohen released the following statements: “In my home state of Arkansas, we have seen a direct relationship between investing in communities and fostering economic revitaliza... Read more

  • Rep. Hill: "Alternative Data Can Connect More American Consumers with Affordable Credit"
    Posted in Press Releases on July 25, 2019 | Preview rr
    Tags: Financial Services, Jobs and Economic Growth

    WASHINGTON, D.C. — Today, Ranking Member of the House Financial Services Committee Task Force on Financial Technology (FinTech), Congressman French Hill (AR-02), helped lead a hearing: "Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit." During the hearing, Congressman Hill highlighted the rise of FinTech lenders using alternative consumer data to help determine a borrower's creditworthiness. Traditional lenders typically have used FICO scores, t... Read more

  • Mueller Testimony, Rep. French Hill, Rep. Cicilline
    Posted in In the News on July 24, 2019 | Preview rr
    Tags: Accountability, Financial Services

    Mueller Testimony, Rep. French Hill, Rep. Cicilline [Listen] By Bloomberg Bloomberg Chief Washington Correspondent Kevin Cirilli delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Panel guests include: Ryan Williams, Republican Strategist & Executive Vice President at Targeted Victory and Democratic strategist Joel Payne. Congressman French Hill, (R-AR) discusses t... Read more

  • Rep. Hill Letter in the Wall Street Journal: "Beneficial Ownership Data Needn’t Oppress"
    Posted in Press Releases on July 22, 2019 | Preview rr
    Tags: Financial Services, National Security

    WASHINGTON, D.C. — Today, the Wall Street Journal published a letter to the editor by Congressman French Hill (AR-02) in response to an op-ed by the WSJ Editorial Board highlighting the unintended consequences of the Corporate Transparency Act, a new beneficial ownership bill moving through the House. Congressman Hill's letter echos the concerns of the Editorial Board and presents his own small business-friendly legislative solution that directs the U.S. Treasury Department to create a new rule ... Read more

  • Beneficial Ownership Data Needn’t Oppress
    Posted in In the News on July 22, 2019 | Preview rr
    Tags: Accountability, Financial Services, Jobs and Economic Growth

    Beneficial Ownership Data Needn’t Oppress By French Hill in the Wall Street Journal Letter to the Editor: Thank you for your recent editorial, A New Small Business Burden, highlighting the unintended consequences of a new beneficial ownership bill moving through the House. I’ve been speaking out about this legislation, called the Corporate Transparency Act, for quite some time. I share several concerns, voiced by the Editorial Board, with how the legislation is written and would be implemented. ... Read more

  • Rep. Hill Talks Future of Cryptocurrency Libra with Bloomberg TV
    Posted in Press Releases on July 20, 2019 | Preview rr
    Tags: Financial Services

    Click HERE or on the picture above to watch Congressman Hill's interview with Bloomberg TV about Facebook's proposed cryptocurrency. WASHINGTON, D.C. — Last week, Congressman French Hill (AR-02), spoke with Bloomberg TV's Kevin Cirilli about the proposed cryptocurrency, Libra, and it's impact on American consumers. Congressman Hill argued that Congress should consider proper oversight of the money transfer aspect of Facebook's Calibra, ensuring that it will be fully licensed and regulated under... Read more

  • Rep. Hill's Opening Statement at Facebook Cryptocurrency Hearing
    Posted in Press Releases on July 17, 2019 | Preview rr
    Tags: Financial Services

    Congressman Hill delivers his opening remarks at Wednesday's Financial Services hearing examining Facebook's proposed cryptocurrency, "Libra." WASHINGTON, D.C. — Today, Congressman French Hill (AR-02), Ranking Member of the House Financial Services Financial Technology (FinTech) Task force and House Financial Services Artificial Intelligence (AI) Task Force, delivered the following opening statement at a House Financial Services Committee hearing titled “Examining Facebook’s Proposed Cryptocurr... Read more

  • Rep. Hill Questions Facebook Cryptocurrency CEO on Impact of Moving Money Across Borders
    Posted in Press Releases on July 17, 2019 | Preview rr
    Tags: Accountability, Financial Services

    Click HERE or on the video above to watch Congressman Hill's questions from Wednesday's House Financial Services hearing examining Facebook's proposed cryptocurrency "Libra." WASHINGTON, D.C. — Today, Congressman French Hill (AR-02), Ranking Member of the House Financial Services Financial Technology (FinTech) Task Force and House Financial Services Artificial Intelligence (AI) Task Force, participated in a House Financial Services Committee hearing titled “Examining Facebook’s Proposed Cryptoc... Read more

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