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McHenry, Luetkemeyer Demand CFPB Director Chopra Clarify Conflicting Testimony on FDIC Power Grab
Jun 27, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Consumer Protections and Financial Institutions, Blaine Luetkemeyer (MO-03) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. ...
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McHenry, Hill Urge Waters to Call on FHFA Director to Testify on Growing Threats to Housing Finance System
Jun 24, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Housing, Community Development, and Insurance Subcommittee, French Hill (AR-02), sent a letter to Chairwoman Maxine Waters (CA-43) calling on her to invite Federal Housing Fina...
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Republicans Correct the Record Regarding the Meme Stock Event of January 2021
Jun 24, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to Committee Democrats’ report regarding the “meme stock” event of January 2021: “I first called for a hearing on the GameStop situation to understand the facts on...
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McHenry to Chair Powell: Millions of Americans Need to Be Rescued From Democrats’ American Rescue Plan
Jun 23, 2022
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Today, the House Financial Services Committee is holding its semi-annual hearing with Federal Reserve (Fed) Chair Jerome Powell. While the Fed continues its fight to rein in Democrat-induced inflation, the Biden Administration and Congressional Democrats must abandon their reckless priorities that w...
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McHenry Releases Discussion Draft of Financial Data Privacy Bill
Jun 23, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released a discussion draft of new legislation to modernize financial data privacy laws and give consumers more control over how their personal information is collected and used. “Republicans are putting th...
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Financial Services Republicans “Overtake” Markup to Discuss 40-Year High Inflation
Jun 23, 2022
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While Financial Services Committee Democrats continue their inflation blame game, Committee Republicans used this week’s markup to discuss the true driver of skyrocketing prices: Democrats’ reckless spending. Chairwoman Maxine Waters (D-CA): “I warned my staff that whatever issue we bring up today t...
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CNBC: Republican draft bill would tighten rules for finance firms using customer information
Jun 23, 2022
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By Lauren Feiner, CNBC A new draft bill lays the groundwork for how House Republicans will tackle financial data privacy if they win back the majority in the chamber this November. The discussion draft would modernize a financial data protection law known as the Gramm-Leach-Bliley Act. It could end ...
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McHenry: Not One of the Bills We Are Discussing Today Will Bring Down the Cost of Food, Gas, or Housing
Jun 22, 2022
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Today, the House Financial Services Committee is holding a markup of mostly unrelated, partisan legislation that will do nothing to stabilize consumer prices, bring down the cost of gas, or fix our broken supply chains. Committee Democrats are more focused on scoring “wins” for vulnerable members th...
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McHenry Statement on CFPB Proposal on Credit Card Fees
Jun 22, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) Advance Notice of Proposed Rulemaking regarding credit card fees. “This is another attempt by the Biden Admini...
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McHenry, Lummis Urge Environmental Protection Agency to Consider the Benefits, Realities of Digital Asset Mining
Jun 21, 2022
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House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and U.S. Senator Cynthia Lummis (R-WY), along with 12 of their colleagues, sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan urging him to fully study the potential environmental impacts of ...
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