Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Office of the Comptroller of the Currency’s (OCC) proposed “true lender” rule:
“Today’s move by the OCC is another important step toward providing clarity to banks and non-banks on the ‘true lender’ doctrine. Clarity will foster greater innovation… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Chairwoman Maxine Waters (CA-43) expressing his disappointment with Democrats’ decision to hold a hearing on the partisan H.R. 6800, the so-called HEROES Act. Despite the bill being pushed through the House by Democrats in May, the Committee will use its limited time to discuss… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the Supreme Court ruled to send the Trump v. Mazars case, concerning President Trump and his family’s financial records, back to lower courts for further consideration:
“The Court recognized what Republicans have said all along: this was a partisan fishing… Read more »
Today, the Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), joined Bloomberg’s Surveillance to discuss the path forward to ensure America’s strong economic recovery from the coronavirus pandemic.
Watch the full interview here, or by clicking the image above.
On key provisions in the next… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the Consumer Financial Protection Bureau (CFPB) issued its final rule on small-dollar lending:
“Now more than ever, it is critical families in need have access to every option to cover unexpected costs. For millions of Americans, small-dollar, short-term… Read more »
Today, the Subcommittee on National Security, International Development, and Monetary Policy, led by Ranking Republican French Hill (AR-02), held a virtual legislative hearing on H.R. 6918, a bill to hold workers and their employers hostage unless they consent to a Democrat wish list of social mandates. This legislation introduced by Congresswoman Jayapal—which was too extreme for Speaker… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Federal Reserve Bank of Boston announced the Main Street Lending Program (MSLP) is now fully operational:
“Businesses and families across our country are experiencing this pain through no fault of their own. It’s important to remember, this pandemic is… Read more »
Today, the Committee on Financial Services, led by Republican Leader Patrick McHenry (NC-10), held its first quarterly oversight hearing under the CARES Act with Secretary of the Treasury, Steven Mnuchin, and Chairman of the Federal Reserve, Jerome Powell, to discuss the response to the economic crisis caused by the COVID-19 global pandemic.
In his opening remarks, Republican Leader… Read more »
Today, the U.S. Supreme Court ruled in Seila Law LLC v CFPB that the Consumer Financial Protection Bureau’s (CFPB) leadership structure is unconstitutional. The Court agreed with arguments made by House Republican leadership and Financial Services Committee Republicans that the CFPB's leadership structure, which features a single head removable only for inefficiency, neglect, or… Read more »
Today, House Democrats advanced three partisan Financial Services’ measures to codify longstanding Democrat priorities under the guise of coronavirus relief and consumer support.
H.R. 7301:This bill authorizes hundreds of billions of dollars in new spending, effectively tripling HUD’s FY2020 appropriation. H.R. 7301 provides no additional provisions to provide accountability for the… Read more »
