American Banker Story Reports Speculation About Who Will Chair the House Financial Services Committee and Hensarling’s Future

by Jeff Sovern

The American Banker ran a story, Will Hensarling's next job be in Trump administration? on a variety of matters. As for Hensarling, the story reported speculation that he might be appointed to run the Federal Housing Finance Agency, which he might prefer to leading the CFPB:

"Running the CFPB is likely to be a giant headache for the first Republican director as Democrats have staffed up the agency and established its corporate culture," wrote [Cowen analyst Jaret] Seiberg.

The article also reported that "early front-runners" to chair the House Financial Services include "Chief Deputy Whip Patrick McHenry, R-N.C., Rep. Blaine Luetkemeyer, R-Mo., and Rep. Ed Royce, R-Calif." Luetkemeyer recently made headlines for chairing a hearing on reducing damages that consumers could win from credit bureaus the day the Equifax breach broke. Royce also had a bill considered at that hearing.  Of course, if Democrats recapture the House in 2018, the chair of the committee will come from their ranks.

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