WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Federal Deposit Insurance Corporation’s (FDIC) vote to amend the Volcker rule:
"I have long advocated for reasonable reform of the Volcker rule—a rule that former Chairman Volcker himself has referred to as being too complicated—and… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Vice Chair for Supervision at the Federal Reserve, Randal Quarles, following the recent Capital One Financial Corporation data security breach that affected nearly 100 million Americans. The Ranking Member asked the Federal Reserve to provide information on the… Read more »
Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the Capital One Financial Corporation data security breach:
"The Capital One data breach is a stark reminder of the need for stringent data security standards for financial institutions, third-party service providers, and any other entity with… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in support of the Consumer Financial Protection Bureau’s (CFPB) decision to end the Qualified Mortgage (QM) patch for GSEs:
“As I’ve said many times, we need to explore all paths that lead to responsibly ending the government sponsorship of Fannie Mae… Read more »
WASHINGTON – Today, the House Financial Services Committee is holding a hearing on the proposed merger of BB&T and SunTrust Bank. Despite Committee Democrats’ rhetoric, the partisan Dodd-Frank Act—which imposed overly burdensome regulations and increased the cost of compliance—has ensured the size of a financial institution equals survival.
Watch Ranking Member… Read more »
WASHINGTON – Today, the full committee held a hearing to examine the proposed merger of BB&T and SunTrust Bank. Committee Republicans questioned the banks’ CEOs on the thorough review process they are complying with in order to merge, as well as their efforts to support and protect their customers while navigating the burdensome Dodd-Frank regulatory framework.
Republican leader of… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), introduced new legislation to address glaring issues within the credit reporting industry, which endanger the security of Americans’ most personal information and impede access to credit.
H.R. 3821 includes several reforms to thoroughly and appropriately supervise credit reporting agencies,… Read more »
WASHINGTON – Today, the House Financial Services Committee is holding a hearing to learn more about Facebook’s recently announced digital currency proposal, Project Libra. Republican leader of the Committee, Patrick McHenry (NC-10), who called for this hearing last month, delivered opening remarks urging his colleagues to fight the knee-jerk reaction of Washington to stifle innovation and… Read more »
WASHINGTON – Today’s House Financial Services Committee hearing on Facebook’s digital currency proposal, Project Libra, provided an opportunity for Republican committee members to “go beyond the headlines” as Ranking Member Patrick McHenry (NC-10) called for in his opening remarks. Republicans pressed Facebook’s David Marcus on issues ranging from the association’s plan to comply with… Read more »
WASHINGTON – House Financial Services Committee Democrats brought several pieces of legislation before the full committee for a markup. In all, ten bills were considered, six of which addressed diversity and inclusion and housing, receiving bipartisan support.
However, the remaining four bills to amend the Fair Credit Reporting Act (FCRA), received solely Democrat, partisan backing.… Read more »
