Rep. Patrick McHenry (R-N.C.) today asked the Export-Import Bank for information about the agency's efforts to combat fraud.
In a letter to acting Ex-Im Bank President Jeffrey Gerrish, McHenry cited a July 2018 GAO report that made recommendations about how the agency could improve its fraud prevention efforts.
"In light of GAO's findings, the committee is concerned about the adequacy… Read more »
House Democrats armed with subpoena power are vowing to follow the Trump money trail through the German lender Deutsche Bank — a target that Republicans say they want to investigate as well.
Instead of fighting Democrats over their probe, GOP lawmakers are pursuing their own inquiry. The top Republican on the House Financial Services Committee, Rep. Patrick McHenry (R-N.C.), has asked… Read more »
The ranking GOP member of the House Financial Services Committee requested Boeing Co.BA +0.24% turn over documents about its relationship with a Chinese-backed satellite startup, adding to pressure on the aerospace giant after a Wall Street Journal investigation.
In the letter sent Thursday, Rep. Patrick McHenry told Boeing that the committee was trying to… Read more »
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 »
