Press Releases


Entries in NH CD-1 (887)



WASHINGTON, D.C. – Congressman Frank Guinta (NH01) will host a town hall event on Monday at the Milton Town Hall, he announced today.“At Milton on Monday, seniors will learn about my efforts in Congress to obtain a Social Security cost of living increase for them,”he said. “We’ll also talk about the subject on everyone’s mind, recent terrorist attacks and the refugee crisis.”


The Congressman voted for the SAFE Act yesterday to halt the country’s refugee program, until proper security measures are in place. The Milton town hall will be Rep. Guinta’s 13th this year. It will be open to the media and take place at the following location:


A Seniors’ Town Hall with Rep. Frank Guinta

Monday, November 23rd, 2015

3:00PM – 4:00 PM




Milton Town Hall

424 White Mountain Highway

Milton, NH 03851







MANCHESTER, NH – Congressman Frank Guinta (NH01) convened a meeting today for New Hampshire credit unions with the National Credit Union Administration (NCUA), the federal regulator that oversees their shrinking business, due, they say, to the independent agency’s increasing authority outside Congressional control.


    NCUA Chairwoman Debbie Matz traveled to New Hampshire for the event.“It was an opportunity for community lenders to voice their concern about an overreaching Washington agency, hurting small Granite State banks and economies,” said Rep. Guinta.“We pressed Chairwoman Matz to stay true to her agency’s promised Year of Regulatory Relief. So far, results have been meager."


     Non-profit credit unions provide financial credit to geographic areas or similar industries. 2010’s Dodd-Frank law allows the NCUA to regulate them like big banks with more resources. As a result, credit unions have shrunk in number, consolidating to cope with government demands, leaving small and rural communities, in particular, with fewer options.


    “Credit is still hard to come by for Granite Staters seeking home, business and car loans. It’s a constant refrain I hear from my constituents and also nationally,” said Rep. Guinta, a member of the House Financial Services Committee and its Subcommittee on Financial Institutions and Consumer Credit.


    “Dodd-Frank and the Administration’s execution has helped Wall Street to the detriment of Main Street, where many middle-class Americans have not recovered from the economic downturn. Ten percent higher compliance costs at community financial institutions are undercutting their ability to offer low rates and personal service.”


     Rep. Guinta said the NCUA is part of a trend of concentrating power in Washington, D.C.“Like other independent agencies, the NCUA receives funding through industry fees, rather than through an open Congressional appropriations process. The danger is bureaucrats there might believe they are above reproach.”


    He elaborated that, under its current leader, the agency has never held a budget hearing or published an advance copy of its budget, which has grown at a double-digit rate.  


    Credit unions in Manchester, Portsmouth, Nashua and Rochester attended today’s event, which the New Hampshire Credit Union League helped to organize. “New Hampshire is home to the nation’s first credit union,” said Rep. Guinta, Manchester’s former mayor. “We’re making sure our tradition of local banks with local understanding continues.”










ICYMI: WSJ on Rep. Frank Guinta's Bipartisan Plan to Stop the CFPB's War on Car Dealers 


The House of Representatives will vote today on Congressman Frank Guinta’sCFPB Indirect Auto Financing Guidance Act, H.R. 1737. The New Hampshire congressman’s bipartisan legislation would “instruct the bureau to allow public comment and to publish its data and analysis online before issuing new rules on auto financing,” which threaten the ability of car dealers to offer low rates to qualified car buyers, according to the Wall Street Journal.

Rep. Guinta introduced his bill earlier this year to help consumers save millions of dollars annually, he says.“My bill would rein in overzealous CFPB bureaucrats, who in an effort to police car purchases, are costing Granite Staters good deals.”166 cosponsors, including 65 Democrats, have signed on. More below from today’s Journal.




Nov. 18, 2015

NOTE:  The House of Representatives is scheduled later today to consider H.R. 1737, the bipartisan bill mentioned in this editorial.


On Wednesday the House is expected to vote down the Consumer Financial Protection Bureau’s extralegal campaign against the nation’s auto dealers. This is an important moment. Even Democrats are beginning to push back against the regulatory agenda crafted by President Obama and Massachusetts Senator Elizabeth Warren. Let’s hope the dissident donkeys survive the experience.

The consumer bureau has been forcing settlements on banks that provide financing via car dealers by claiming the dealers are discriminating with higher rates against minority borrowers. The bureau’s standard procedure is not to offer evidence of bias. Instead, the regulators guess the ethnicity of borrowers based on their last names and where they live, and then demand cash payments if the people they guess are black or hispanic seem to be paying higher rates than the people they guess are white. Every time we write about this policy we have to remind ourselves we work for the Journal and not the Onion.

The bureau no doubt enjoyed the headlines when it persuaded Ally Bank to fork over $80 million in damages (and $18 million in penalties) in December 2013. But once Ally put the $80 million for consumers into escrow in January 2014, this created something of a challenge for the bureau. Up to that point the regulators hadn’t had to present actual victims. What if many of the borrowers who had allegedly suffered were white? What if an honest accounting proved no one had been victimized?

Now, almost two years after Ally provided the money, it’s not clear that the alleged victims—if they exist—have been made whole. When we asked the bureau on Tuesday whether all the checks had gone out, a spokesman referred us to a message on the website of the settlement administrator. It helpfully tells borrowers: “Please be patient. It may take several months to receive and review any forms received. We anticipate payments to be issued later this year or early next year.”

According to the Journal, the government has been sending out letters lately to borrowers it is pretty sure are minorities, informing them of their good fortune but also asking them to write back if they aren’t minorities. We’re not sure the honor system will work here. But if lots of white people do turn down the windfall, all that will prove is that the discrimination claims were bogus in the first place.

At the heart of the bureau’s outrageous regulatory campaign is its March 2013 “bulletin” that effectively codified its policy against dealer discretion in setting interest rates. This Beltway diktat never went through the normal rule-making process.

But on Wednesday a bipartisan bill with 65 Democratic co-sponsors will come to the House floor. The measure would knock down this informal guidance and instruct the bureau to allow public comment and to publish its data and analysis online before issuing new rules on auto financing.

It would also require the bureau to study the costs of such a rule on various affected parties. Imagine that. As for the regulators, they’ve done enough imagining about this market. Let’s hope next time they just stick to the facts.





Innis For Congress - Syrian refugees  

Portsmouth, N.H. – Business owner and congressional candidate Dan Innis today released the following statement demanding an immediate halt in the acceptance of Syrian refugees and calling on fellow first district congressional candidate Carol Shea-Porter to take a stand on the issue: 

“Following the horrific terrorist attacks in Paris, the United States must immediately halt any further Syrian refugees from entering our country pending a review of our vetting process. It is important that the federal government guarantee that those taking haven in our country pose no threat to public safety. While it is critical that we not lose sight of our moral obligation to care for those in need, it is the foremost duty of our government to protect its citizens.

 “President Obama’s plan to bring in thousands of Syrian refugees without a thorough review of security standards is dangerous and the American public is rightly outraged. As a candidate for Congress, Carol Shea-Porter should make it known whether she agrees with our state's Governor Maggie Hassan that a thoughtful pause on immigration is necessary in the wake of the horrific attacks in Paris, or if she supports carte-blanche policy at the risk of our security. Granite Staters deserve leaders who will be honest and forthright, and I hope former Congresswoman Carol Shea-Porter will meet that basic standard.”







WASHINGTON, D.C. -- Congressman Frank Guinta’s legislation to protect car buyers from higher loan rates received significant bipartisan support in the House of Representatives today.“I’m happy that both Democrats and Republicans have rallied around my bill, which would help qualified car buyers to purchase vehicles,” he said, announcing passage of hisCFPB Indirect Auto Financing Guidance Act, H.R. 1737.


    More than 160 House members, including 65 Democrats, cosponsored his legislation, requiring the Consumer Financial Protection Bureau (CFPB) to rescind its plan to regulate the auto-financing market, a maneuver that 2010’s Dodd-Frank financial reform prohibits.“Middle-class families need today’s bill to lower expenses. Granite Staters traveling to work or looking for new jobs are depending on affordable transportation,” said Rep. Guinta, Manchester’s former mayor and a current member of the House Financial Services Committee.


   “If the CFPB truly cares about policies in the best interests of consumers, the agency should reissue guidance that is clear, fair and respects due process,” said the Congressman, who explained the CFPB’s action could result in a higher flat rate for most car buyers. “My bill would open the CFPB’s data to neutral experts and the public, solicit comments according to normal procedure, and require more economic study of the CFPB’s rush to regulate an important economic sector.”


        A number of consumer and industry groups support the New Hampshire congressman’s solution, which he introduced earlier in 2015, saying it would save Americans millions of dollars annually. The U.S. Consumer Coalition, National Automobile Dealers Association, Alliance of Automobile Manufacturers, Motorcycle Industry Council, American Financial Services Association and others have announced support. “I meet frequently with Granite State car dealers and buyers, as well as community lenders, who tell me the CFPB will ruin their businesses and budgets,” said Rep. Guinta (NH01).


    He explained the CFPB’s guidance would harm many whom the agency claims to represent.“Minority dealers and buyers will bear the brunt of new federal regulations, which is why Members representing diverse constituents voted for my bill." H.R. 1737 passed the House by a vote of 332-96, including 88 Democrats voting in favor.