Rep. Jeb Hensarling, the new chairman of the House Financial Services Committee, continued his criticism of the 2010 Dodd-Frank Act on Tuesday.

The Texan Republican said the reform law did not eliminate "too big to fail."

Dodd-Frank was not the only thing Hensarling judged. He questioned the merit of the Federal Reserve and the Consumer Financial Protection Bureau.

"Hensarling stated that a recent federal appeals court ruling, which invalidated several recess appointments made on the same day that CFPB Director Richard Cordray was confirmed last year, 'brings into question every single action of the CFPB.'" writes American Banker's Victoria Finkle.

For the full piece see "Hensarling Resumes Attack on Dodd-Frank, CFPB" (may require subscription).