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Financial Services

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June 21, 2016 Press Release
Congressman Gary Palmer (R-AL) introduced an amendment to H.R. 5485, the Financial Services and General Government Appropriations Act. His amendment protects religious liberty by prohibiting funds from being used to implement DC’s Reproductive Health Non-Discrimination Act (RHNDA).
June 16, 2016 Press Release
Today Congressman Gary Palmer (R-AL) introduced the Agency Accountability Act (AAA), requiring all fines, fees, penalties, and other unappropriated funds collected by federal agencies to be transferred to the Treasury, and subject to the appropriations process.
November 19, 2015 Press Release
Washington D.C. – Today, Congressman Gary Palmer (R-AL), supported H.R. 3189, The Fed Oversight Reform and Modernization (FORM) Act. This bill increases transparency at the Federal Reserve, requiring the organization to explain its decisions, while protecting it from excessive politicization. It would also place tighter controls on the Federal Reserve’s ability to conduct bailouts.
November 19, 2015 In The News

Wednesday, November 18 U.S. Representative Gary Palmer (R from Hoover) announced his support for H.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act.  This bill would revoke the Consumer Financial Protection Bureau’s (CFPB) 2013 auto lending guidance bulletin, which has hampered the availability of indirect auto loans (loans facilitated by car dealers).

November 18, 2015 Press Release
For Immediate Release Washington D.C. – Today, Congressman Gary Palmer (R-AL), supported H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act. This bill would revoke the Consumer Financial Protection Bureau’s (CFPB) 2013 auto lending guidance bulletin, which has hampered the availability of indirect auto loans (loans facilitated by car dealers), particularly to the most vulnerable. Using a flawed model that bases decisions on what loans are authorized using nothing more than last names and zip codes, CFPB’s enforcement has led to rising costs for consumers. The bill was supported by a wide, bipartisan majority.
September 23, 2015 In The News

Behind him, multiple screens showed a graph of recent cybersecurity activity. Another showed a global map of ongoing cyberattacks in various parts of the world.

Rep. Gary Palmer toured Regions’ Data Center as a team of the bank’s technology experts explained what banks are doing to protect consumers and to help ensure consistent access to financial services.

“You can have the greatest technology,” said Greg Gagliano, Chief Information Officer at Regions. “But if it doesn’t work, it doesn’t serve people.”

September 22, 2015 In The News

BIRMINGHAM, Ala. — The United States is no stranger to cybersecurity attacks. Sony Pictures, Target, Apple iCloud, and most recently, Ashley Madison, are only a few American companies that have faced serious cyberattacks. But on Monday Regions’s Operations Center in Hoover was on full display to show Congressman Gary Palmer (R-AL6) how the Alabama-based bank has invested in cybersecurity to help protect consumers’ information.

September 21, 2015 In The News
SEPT. 21, 2015 – Behind him, multiple screens showed a graph of recent cybersecurity activity. Another showed a global map of ongoing cyberattacks in various parts of the world. Rep. Gary Palmer (R-Ala.) toured Regions’ Data Center as a team of the bank’s technology experts explained what banks are doing to protect consumers and to help ensure consistent access to financial services.
July 27, 2015 In The News
Wednesday, July 22, Congressman Gary Palmer (R-Alabama) announced that he is an original co-sponsor of HR3118, the Repeal CFPB Act, that was introduced this week by Rep. John Ratcliffe (R-Texas). Palmer said in a press release that this bill would repeal the misleadingly named Consumer Financial Protection Bureau (CFPB), a federal agency fundamentally unaccountable to Congress, the President, and the Courts.
July 22, 2015 Press Release
For Immediate Release Washington, DC – Congressman Gary Palmer (R-AL), is an original co-sponsor of H.R. 3118, the Repeal CFPB Act, introduced this week by Rep. John Ratcliffe (R-TX). This bill would repeal the misleadingly named Consumer Financial Protection Bureau (CFPB), a federal agency fundamentally unaccountable to Congress, the President, and the Courts.