Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of President Biden’s prudential banking regulators. Republicans are holding Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg accountable for his continued efforts to stonewall Congressional oversight amid a staff report confirming allegations of a toxic workplace culture at the agency under his watch. Members will also closely scrutinize other pa...
Today, House Financial Services Committee Republicans released their final staff report detailing the toxic workplace culture, including misconduct and harassment, at the Federal Deposit Insurance Corporation (FDIC) under the failed leadership of disgraced Chairman Martin Gruenberg. This report is the culmination of Committee Republicans’ year-long investigation and supports the numerous calls for Chairman Gruenberg to resign or be removed immediately. In advance of tomorrow’s hearing with prude...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Full Committee Hearing Entitled: “Oversight of Prudential Regulators” Time: 10:00 AM ET Date: Wednesday, November 20, 2024 Place: 2128 Rayburn House Office Building Additional information regarding the hearing—including the livestream, committee memo, relevant legislation, and witness list—can be found here and will be updated as the hearing date approaches. ###
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...
