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McHenry Applauds OCC Move to Foster Financial Technology, Provide Greater Financial Inclusion

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Acting Comptroller of the Currency Brian Brooks announced the OCC’s finalized Valid-When-Made rule:   “Acting Comptroller Brooks is wasting no time in fulfilling his pledge to foster financial technology. The regulatory uncertainty caused…

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Capital Markets

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WASHINGTON, D.C. - Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 26, Subcommittee on Investor Protection and Capital Markets Chairman Brad Sherman (D-CA) and Ranking Member Bill Huizenga (R-MI) will host a virtual roundtable entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets,” with…

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Housing Markets

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WASHINGTON, D.C. - Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, Friday, May 22, Housing, Community Development, and Insurance Subcommittee Chairman Wm. Lacy Clay (D-MO) and Ranking Member Steve Stivers (R-OH) will host a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing…

McHenry: This is a Critical Step Toward Fixing our Broken Housing Finance System

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) proposed rule setting stronger capital requirements for Fannie Mae and Freddie Mac: “This is a critical step toward fixing our broken housing finance system. This proposed rule is a part of Director Calabria and…

McHenry: Comptroller Otting has Been an Advocate for Modernization

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Comptroller of the Currency Joseph Otting announced he will step down from his current position at the OCC: “Comptroller Otting has made a lasting impact on our nation’s financial system during his time in public service. Joseph has been an advocate for…

McHenry Supports Modernization of Community Reinvestment Act to Ensure Economic Recovery

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Office of the Comptroller of the Currency (OCC) released its final rule to modernize the Community Reinvestment Act (CRA): “I’m glad to see the OCC move to strengthen the CRA through modernization. This update reflects the transformation of banking…

McHenry Supports Small-Dollar Lending Guidance to Provide More Options for Borrowers

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Office of the Comptroller of the Currency (OCC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and National Credit Union Administration’s (NCUA) joint guidance on small-dollar lending: “Millions of Americans facing financial…

Democrats to the American People: You’re on Your Own

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Speaker Pelosi and Congressional Democrats pushed through their partisan proposals to codify their liberal agenda and dismantle House rules—leaving the American people without the support or representation they need in this unprecedented…

McHenry Joins Top Committee Republicans in Letter Opposing “Partisan Assault” of House Minority Rights

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WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined the Ranking Members of all standing and select committees in a letter to Majority Leader Steny Hoyer (D-M.D.) opposing the Democrats’ partisan assault on the rights of the House Minority in H.Res 965.   “When the Majority first released proposed rule changes a few weeks…

Republican Committee Members Continue to Work with Regulators on COVID-19 Relief Efforts

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Yesterday, the Subcommittee on Consumer Protection and Financial Institutions held its first virtual roundtable with prudential regulators to discuss their response to the recent economic dislocation caused by the coronavirus (COVID-19) public health crisis. Republican Leader Patrick McHenry (NC-10) and Chairwoman Maxine Waters (CA-43) came to agreement on bipartisan guidelines for…