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McHenry Statement on Senate Coronavirus Emergency Relief Agreement
Mar 25, 2020
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Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement on the Senate Coronavirus Aid, Relief, and Economic Security (CARES) Act, an important step toward delivering direct support to families and workers that have been hit hardest by th...
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McHenry: Democrats are Taking Advantage of this Crisis for Political Gain
Mar 23, 2020
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Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to Democrats’ partisan legislative package circulated earlier today, which includes politically motivated and misguided proposals that do not provide necessary relief to A...
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Republicans Introduce Bills to Protect Public Housing Residents and the Homeless
Mar 19, 2020
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WASHINGTON – Today, Republican members of the House Financial Services Committee introduced legislation to protect public housing residents and individuals experiencing homelessness from coronavirus (COVID-19). These five proposals, in addition to eight bills introduced by Committee leaders last wee...
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FDIC Joins Committee Republicans in Efforts to Delay CECL During Pandemic
Mar 19, 2020
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Today, the Federal Deposit Insurance Corporation (FDIC) Chair, Jelena McWilliams, took an important step to ensure financial institutions are able to lend to businesses and consumers impacted by the coronavirus (COVID-19) by pushing for a delay in implementing the ill-advised Current Expected Credit...
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McHenry on Defense Production Act: This is an Aggressive and Necessary Move
Mar 18, 2020
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WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump invoked the Defense Production Act (DPA) in the ongoing fight against coronavirus (COVID-19): “This is an aggressive and necessary move b...
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Trump Administration Suspends Foreclosures and Evictions During Coronavirus
Mar 18, 2020
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Today, the Federal Housing Finance Agency (FHFA) and the Trump Administration took a bold step to prevent homeowners with loans insured by the Federal Housing Administration (FHA) or owned by Fannie Mae or Freddie Mac from being foreclosed upon or evicted during this national emergency. Key facts fr...
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Regulators make it easier for banks to lend under stress
Mar 17, 2020
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By Victoria Guida | March 17, 2020 Federal bank regulators today moved to make it easier for lenders to reduce their loss-absorbing capital as they aim to clear the path for banks to keep credit flowing amid economic stress from the coronavirus pandemic. The move adjusts capital rules so the penalt...
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McHenry Highlights Ways to Mitigate Coronavirus Impact on Financial Health
Mar 17, 2020
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As coronavirus (COVID-19) continues to affect Americans from all walks of life, borrowers can take action now to mitigate the impact of a missed mortgage payment. The Federal Housing Finance Agency (FHFA) and Federal Housing Administration (FHA) have taken steps to remind borrowers of hardship forbe...
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Republican Leaders Work to Protect Seniors from Coronavirus Financial Scams
Mar 16, 2020
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Today, Republican leaders of the House Financial Services Committee, led by Ranking Republican Patrick McHenry (NC-10), sent a letter to Consumer Financial Protection Bureau (CFPB) Director, Kathleen Kraninger, asking for her assistance in protecting seniors from coronavirus-fueled scams. The Republ...
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McHenry, Stivers Call on Public Housing Authorities to Prepare for Impact of Coronavirus on Residents
Mar 16, 2020
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WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), and Republican leader of the Subcommittee on Housing, Community Development, and Insurance, Steve Stivers (OH-15), sent letters to the nation’s largest Public Housing Authority (PHA) leaders...
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