Rep. Patrick McHenry introduces bill requiring central bank to report on security preparations
The top Republican lawmaker on an influential House committee wants the Federal Reserve to be more open about its cybersecurity preparations.
Rep. Patrick McHenry (R., N.C.), the ranking member of the House Financial Services Committee, this week introduced legislation that would compel the… Read more »
Rep. Patrick McHenry (R-N.C.) today pressed Federal Reserve regulatory chief Randal Quarles for more information about the central bank's supervision of Capital One following a massive data breach at the bank.
"I ask that you provide information on the Capital One breach, including an indication of whether any suspicious activity was noted during the Federal Reserve's examination of… Read more »
Credit reporting companies would be subject to supervision and examination authority by the Consumer Financial Protection Bureau (CFPB) and would be barred from using Social Security numbers, under new legislation proposed by Rep. Patrick McHenry (R-N.C.).
Unlike earlier bills that have passed through committee without any Republican votes, this bill could have legs, with Rep. McHenry,… Read more »
Legislation introduced in the U.S. House of Representatives last week seeks to reform the supervision of credit reporting agencies.
The bill, introduced by Rep. Patrick McHenry (R-NC), is designed to ensure that credit files are accurate and transparent and personally identifiable information is protected.
“The credit reporting industry is ripe for reform,” McHenry said.… Read more »
Amid bipartisan backlash against Libra, Facebook’s new cryptocurrency project, some House Republicans are urging Congress to keep an open mind about emerging technologies.
The top Republican on the House Financial Services committee warned his colleagues not to make Facebook a “political talking point,” as Facebook faced a second day of questions and criticism from lawmakers on… Read more »
Congressman Patrick McHenry, Ranking Member on the House Financial Services Committee, told his fellow members at the Libra hearing today to “go beyond the headlines” when probing Facebook’s project to create a global payment ecosystem.
The hours-long hearing saw David Marcus, head of Libra, hammered with many tough questions.
While many of the Representatives voiced support for… Read more »
Rep. Patrick McHenry (R-North Carolina) discusses hearings with Facebook and thoughts on their digital currency. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
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Rep. Patrick McHenry (R-N.C.), ranking member of the Financial Services Committee, joins "Squawk Box" to discuss the tech hearing on Capitol Hill.
Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin' from CNBC. Read more »
Fed Chair Jay Powell is set to testify later Wednesday morning in front of the House Financial Services Committee as well as the Senate Banking Committee on Thursday. Rep. Patrick McHenry (R-N.C.), who is the ranking member of the Financial Services Committee, joins "Squawk Box" to discuss what he expects from the hearings.
Rep. Patrick McHenry on Fed independence, whether… Read more »
The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday.
“Over the next few months, I look forward to working with my colleagues on both sides of the aisle… Read more »
