Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) release of its final rule implementing small business lending data collection as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1071. “The Consumer Financial Protection Bureau’s disastrous small business lending data collection rule is another front in the Biden Administration’s ...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the White House released a fact sheet politicizing the recent failures of Silicon Valley Bank and Signature Bank. “The Biden Administration continues to politicize the failure of SVB and Signature Bank to push long-held progressive priorities unrelated to the causes of the collapses,” said Chairman McHenry. “As we heard from Biden’s own regulators at our hearing yesterday,...
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing entitled, “The Federal Regulators’ Response to Recent Bank Failures.” Committee Republicans are committed to getting the facts surrounding recent bank failures to assess federal regulators’ response and deliver transparency for the American people. Watch Chairman McHenry’s opening remarks here. Read Chairman McHenry’s opening remarks as prepared for delivery: “Today, let’s put aside the p...
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), held its first bipartisan hearing to examine the recent failures of Silicon Valley Bank and Signature Bank. At the hearing, Republicans demanded answers from the U.S. Treasury Department, Federal Reserve Board, and Federal Deposit Insurance Corporation to ensure accountability and transparency by decision-makers. Chairman McHenry grilled the witnesses about what they knew about the Silicon Valley Bank and Sig...
