The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), led all Committee Republicans in a letter to federal banking regulators at the Federal Reserve Board (Fed), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) responding to a request for information (RFI) on bank-fintech partnerships. The lawmakers emphasize that allowing responsible innovation through bank-fintech partnerships will benefit consumers and the financial s...
Today, The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), and Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04) sent a letter to disgraced Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg demanding his agency provide a briefing and documents related to recent changes to asset manager passivity agreements and the Notice o...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the U.S. Department of the Treasury’s final rule restricting outbound U.S. investment to China. This follows Treasury’s notice of proposed rulemaking implementing the White House’s outbound investment Executive Order. “The most well-known proponent of restricting American investment in China is, of course, Xi Jinping,” said Chairman McHenry. “In contrast to severa...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the CFPB’s final rule implementing Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. “The CFPB’s final 1033 rule is a promising step forward to protect Americans’ financial data privacy,” said Chairman McHenry. “As Republicans have said for years, Americans should have greater control over their sensitive financial data. Consum...
