Today, the Subcommittee on National Security, International Development, and Monetary Policy held a virtual hearing on the increased threat of coronavirus-fueled cyberattacks against our financial institutions and vulnerable Americans.
“Cybersecurity and the need for strong cyber protocols has long been a topic of discussion in this Committee, and the virus has only underscored the… Read more »
Today, the Federal Reserve opened lender registration for the Main Street Lending Program (MSLP), signaling the program will soon be operational. The MSLP will support small and mid-sized businesses, and their employees, that were in good financial standing before the public health crisis by ensuring credit flows to businesses in need. Keeping these Main Street businesses solvent will… Read more »
Today, the Task Force on Financial Technology held a virtual hearing on the role that new technologies, like the digital dollar, play in fostering greater financial inclusion for the underbanked. These emerging technologies also offer a solution for swiftly disbursing government assistance—such as stimulus payments—to Americans with limited access to traditional banking services.
“I want… Read more »
WASHINGTON – Over the past few months, American families and businesses have stood strong through an unprecedented economic dislocation as a result of the coronavirus pandemic. The Trump Administration and Congress have worked at a breakneck pace to stand up programs to support hardworking Americans across our nation. Specifically, the Paycheck Protection Program (PPP), which has rushed… Read more »
Today, the Subcommittee on Housing, Community Development, and Insurance held its first virtual hearing—the second for the Committee overall—on the economic impact of COVID-19 on renters and housing providers. Committee Republicans remain focused on solutions that are data-driven and targeted toward those who need it most, while also addressing the underlying state and local regulatory… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter in support of the Securities and Exchange Commission’s (SEC) efforts to simplify and improve the complex exempt offering framework. In the letter, Ranking Member McHenry states that these proposed changes “would help small businesses and expand investment… Read more »
Today, the Subcommittee on Consumer Protection and Financial Institutions held the Committee’s first virtual hearing on the important role Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) play in minority and low-income communities hardest hit by the coronavirus (COVID-19) pandemic.
“Today’s hearing focuses on promoting inclusion in… Read more »
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… Read more »
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… Read more »
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… Read more »
