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Rep. McHenry Calls for Hearings on Several Priority Issues

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House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Chairman Maxine Waters (D-Calif.) today urging her to hold hearings on a number of critical financial services issues, including several American Bankers Association priorities. Specifically, McHenry called for hearings on the modernization of the Bank Secrecy Act and anti-money laundering…

House banking's top Republican calls for hearing on Brexit impact

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WASHINGTON — Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, this week called on Democratic leadership to prioritize Britain’s withdrawal from the European Union, among other "critical areas" that he said deserve the panel's attention. In a letter sent Tuesday to Chairwoman Maxine Waters, D-Calif., McHenry said the committee should spend the first…

U.S. House panel's top Democrat, Republican seek executive trading oversight

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WASHINGTON (Reuters) - The top Democrat and Republican on the House Financial Services Committee are sponsoring legislation directing a regulatory review of some corporate executive investment plans, as the banking panel starts its 2019 work on a bipartisan note. Representative Maxine Waters, the Democrat who chairs the panel, and Representative Patrick McHenry, its top Republican, are…

Waters, McHenry team up on insider trading bill

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House Financial Services Chairwoman Maxine Waters is kicking off the committee's legislative agenda with an insider trading bill co-sponsored by the panel's top Republican, Rep. Patrick McHenry. The pair reintroduced the legislation as they try to strike a more collaborative tone than was seen at the committee over the last several years. "I am happy to work with Ranking Member McHenry…

McHenry asks Fed for Brexit fallout update

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The ranking Republican on the House Financial Services Committee today asked the Treasury Department, Federal Reserve and other financial regulatory agencies for an update on how the U.K.'s chaotic withdrawal from the European Union could disrupt markets. In letters to the agencies, Rep. Patrick McHenry (R-N.C.) asked how the regulators plan to mitigate risks stemming from the U.K. vote…

Rep. McHenry Probes Agencies' IGs for Cost Cutting Measures

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The new ranking member on the House Financial Services Committee wants SEC, Treasury, CFPB to tell him by Jan. 24 how the agencies plan to reduce waste, fraud and abuse. Rep. Patrick McHenry, R-N.C., the new ranking member on the House Financial Services Committee, wants eight Inspectors General of the agencies within the committee’s jurisdiction to provide updates on their efforts to…

ICYMI: Fannie and Freddie, Make Way for Ginnie Mae

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September 6, 2018 This is a not-so-happy anniversary in American history. Ten years ago Thursday, the federal government took over Fannie Mae and Freddie Mac , the failed government-sponsored housing enterprises that were at the center of the last financial crisis. Leading up to…

ICYMI: The Art of a Banking Deal

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  May 23, 2018 Headlines portray Congress as a swamp of dysfunction, but the House on Tuesday showed that the parties and chambers can work together by passing a bipartisan…

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