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FILE - In this July 18, 2018, file photo,House Committee on Financial Services Chair Rep. Jeb Hensarling, R-Texas, speaks during a committee hearing with Federal Reserve Board Chair Jerome Powell on Capitol Hill in Washington. Hensarling, the former congressman who led Republican’s efforts to deregulate the banking industry after the financial crisis, is starting a new job as an employee of Swiss bank UBS. (AP Photo/Jacquelyn Martin, File)

Former top GOP on banking committee hired by Swiss bank UBS

 By The Associated Press  April 11, 2019 at 12:57pm
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NEW YORK (AP) — The former congressman who led Republican’s efforts to deregulate the banking industry after the financial crisis is starting a new job as an employee of Swiss bank UBS.

Jeb Hensarling was a congressman from Dallas from 2003 to 2019. From 2013 to 2019 was chairman of the House Financial Services Committee, the committee that oversees the banking industry. He declined to run for re-election in 2018, saying he wanted to spend more time with his family.

While Hensarling was in Congress, he pushed aggressively to undo some of the rules and regulations put into place by Democrats after the financial crisis, notably the Dodd-Frank Act and the Consumer Financial Protection Bureau.

His new title at UBS is executive vice president of the Americas region.

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The Associated Press
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

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