Bipartisan bill aims to spur private flood insurance and lower costs for lower-income homeowners
WASHINGTON—Lawmakers in the House advanced a bipartisan plan to overhaul the federal flood-insurance program, which has struggled to keep pace with record disaster payouts in recent years.
The bill, approved unanimously Wednesday by the House Financial Services Committee, aims to… Read more »
GOP Leaders of Financial Services Panel Lay Out Top Priorities for This Year
WASHINGTON, DC — The Ripon Society hosted a breakfast discussion Wednesday morning with the Ranking Member and subcommittee Ranking Members of the House Financial Services Committee, who discussed the legislative approach they are taking in the 116th Congress and some of the top legislative priorities they… Read more »
Representative Patrick McHenry (R-NC), ranking member of the Financial Services Committee, talked about issues related to his committee’s domain. Topics included Federal Reserve Chair Jerome Powell, President Trump’s difficulties with his recent with central bank nominees, the Consumer Financial Protection Bureau, and congressional news.
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The top Republican on the House Financial Services Committee on Friday pressed federal regulators for updates on their efforts to finalize rule rollbacks signed by President Trump in 2018.
Rep. Patrick McHenry (R-N.C.), asked the chiefs of five federal financial regulatory agencies for status updates on their implementation of a bipartisan law passed to loosen… Read more »
The House today advanced three financial services bills designed to protect both the elderly and young adults.
— The Senior Security Act of 2019 H.R. 1876 (116) would create a task force at the SEC to place a priority on senior investors' concerns.
— H. Res. 327 (116) seeks to encourage greater public-private sector collaboration to promote financial literacy for… Read more »
The top Republican on the House Financial Services Committee today accused Democrats of playing politics by using their investigative powers to subpoena nine big banks as part of probes into President Donald Trump and Russians' illicit use of the financial system.
In a letter to Financial Services Chairwoman Maxine Waters (D-Calif.), Rep. Patrick McHenry (R-N.C.) said he was concerned… Read more »
On Wednesday, for the first time in 10 years, the CEOs of America’s largest banks will appear before Congress to testify at the Financial Services Committee. The last time these banks were assembled before the committee, Chairman Barney Frank, D-Mass., sat atop the dais and the economy had just suffered its biggest shock since the Great Depression. Our financial services industry and… Read more »
The CEOs of America's largest banks will testify on Capitol Hill this morning about how the industry has transformed in the 10 years following the financial crisis. Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee , joins "Squawk Box" ahead of the hearing.
Dodd Frank required banks to be bigger, says Rep. Patrick McHenry from CNBC. Read more »
CNBC's Wilfred Frost talks with Rep. Patrick McHenry (R-N.C.), the ranking republican on the House Financial Services Committee, about the outcome of the big bank CEOs testifying on Capitol Hill.
Takeaway from banking hearing was banks are giving consumers a lot of choice: McHenry from CNBC. Read more »
Representative Patrick McHenry, a North Carolina Republican, discusses the testimony from major U.S. bank chiefs to the House Financial Services Committee with Bloomberg's Kevin Cirilli. (Source: Bloomberg)
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