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 »
The House Financial Services Committee invited Facebook to testify at a July hearing about its cryptocurrency plans. Ranking Republican on the committee Congressman Patrick McHenry (R-N.C.) joins "Squawk Box" to discuss.
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Rep. Patrick McHenry wants to know about Facebook’s plans for its cryptocurrency.
“There are so many open questions here, and I think we should actually be better informed,” he says.
Facebook announces on Tuesday it will launch its cryptocurrency in 2020.
Rep. Patrick McHenry has questions about Facebook’s plan for its cryptocurrency.
The Republican from North… Read more »
WASHINGTON, D.C. -- Lawmakers on Capitol Hill are working on a five-year extension to the National Flood Insurance Program (NFIP).
Earlier this week, a compromise plan advanced out of a House committee with unanimous, biptartisan support - the first step on Capitol Hill for the legislation.
For years now, the program aimed at keeping people afloat after a flood has been on… Read more »
