Dallas Morning News: Group files ethics complaint against Sessions, Hensarling, and Neugebauer; cites donations from payday loan industry

October 5, 2015

WASHINGTON—Three Texas congressmen are at the center of an ethics complaint filed Monday by a watchdog group that wants investigators to examine a series of steps taken in support of the payday loan industry that came in close proximity to campaign contributions by members of that industry.

Reps. Jeb Hensarling, R-Dallas, Pete Sessions, R-Dallas, and Randy Neugebauer, R-Lubbock, and eight other members are the subject of the complaint by the Campaign for Accountability, a new, Democrat-leaning watchdog group based in Washington. Nine of the 11 congressmen named are Republicans and two are Democrats.

All three Texas members have been vocal critics of the new Consumer Financial Protection Bureau, a large federal agency created by the Dodd Frank Wall Street reform act that was aimed at reigning in the abuses by banks and others that helped create the 2008 financial crisis.

One of the CFPB’s powers is to regulate the payday loan industry, something the industry naturally has opposed vociferously.

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