The U.S. House of Representatives advanced three bills that seek to foster better financial oversight of potential bad actors and illegal activities.
One of the bills is the Promoting Transparent Standards for Corporate Insiders Act (H.R. 624), sponsored by House Financial Services Chair Rep. Maxine Waters (D-CA) and Ranking Member Rep. Patrick McHenry (R-NC). This bill would… Read more »
Patrick McHenry says the House should look closely at the effectiveness of regulators' fintech innovation initiatives, as well as the industry's readiness to protect personal information.
Congressman Patrick McHenry (R-N.C.) is calling on the House Financial Services Committee to hold hearings in the next couple months on issues he believes are critical to regulating the financial… Read more »
While most of the focus concerning the House Financial Services Committee in recent weeks has been on the return of Democratic leadership, Rep. Patrick McHenry (R-N.C.) is doing his best to ensure his party’s perspective.
This week, the Republican leader of the Committee sent a letter to Chairwoman Maxine Waters (D-Calif.) requesting hearings in “critical areas that the committee should… Read more »
Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, recently requested in a January 22, 2019 letterto Congresswoman Maxine Waters (D-CA), Chairwoman of the Financial Services Committee, among other topics, a hearing on the regulation of Fintech as a means of ensuring all consumers have “fair and transparent access to the financial products… Read more »
White House, Congress look for ways to get Fannie Mae, Freddie Mac out of government conservatorship
Lawmakers from both parties plan to take a fresh crack at getting Fannie Mae FNMA -1.98% and Freddie Mac , FMCC -1.05% two companies that underpin nearly half of U.S. mortgages, out of government control.
For more than a decade, lawmakers have tried and failed to overhaul the… Read more »
Deutsche Bank AG’s chief executive officer is being questioned by a key Republican lawmaker over what the company is doing to boost money-laundering safeguards amid reports that its U.S. unit may have been a key conduit for billions of dollars of dirty money.
Representative Patrick McHenry, the top Republican on the House Financial Services Committee, sent a letter Thursday to CEO… Read more »
Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA) introduced last week legislation designed to address insider trading by ensuring corporate insiders inability to engage in the practice via trading plan changes.
The Promoting Transparent Standards for Corporate Insiders Act would enable the government to address fraud and abuse within the nation’s financial system.
“I am glad to… Read more »
The top Republican on the House Financial Services Committee wants the panel’s Democratic chair, Maxine Waters of California, to consider holding hearings on issues including Brexit, overhauling Fannie Mae and Freddie Mac and cybersecurity.
Patrick McHenry, the ranking member of the panel, sent a letter to Waters Tuesday outlining his recommendations on issues Republicans would like to… Read more »
Brexit fallout tops a list of proposed hearing targets that House Financial Services ranking member Patrick McHenry has sent to Chairwoman Maxine Waters.
In a letter, the North Carolina Republican outlined several "critical areas" for hearings that should be given priority during the first few months of this Congress.
The top topic on the list is Britain's withdrawal from the European… Read more »
Congressman Patrick McHenry, the Republican leader of the House Financial Services Committee, has asked Committee Chairwoman Maxine Waters to move forward on hearings in “critical areas that the committee should prioritize in the first months of the new Congress.”
The list of hearings requested by McHenry is fairly long. Included on the list is one on Fintech:
“A hearing on the… Read more »
