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FHFA Launches Tools to Help Renters Facing Financial Hardship
May 5, 2020
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The Federal Housing Finance Agency (FHFA) has launched a set of tools designed to help America’s renters understand the resources available to them if they are experiencing a financial hardship due to the coronavirus pandemic. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, any...
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Paycheck Protection Program Loans Support America’s Smallest Businesses
May 4, 2020
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The Paycheck Protection Program (PPP)—an important small business aid program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act—is providing critical support for America’s small businesses across the country. In fact, a report issued yesterday by the Small Business Administra...
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McHenry Supports Regulation Crowdfunding Relief, Pushes for More Support for Small Businesses
May 4, 2020
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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 Securities and Exchange Commission’s (SEC) announcement that it is providing temporary and conditional relief for companies impacted by COVID-19 looking to ...
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Paycheck Protection Program Loans Continue to Save American Jobs
Apr 29, 2020
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The Paycheck Protection Program (PPP)—an emergency small business aid program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act—continues to be a lifeline for America’s small businesses across the country. The Small Business Administration (SBA) and Treasury Department are wo...
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COVID-19 concerns prompt new interest in cashless payments
Apr 28, 2020
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By Steven Harras | April 28, 2020 The COVID-19 pandemic has fanned public concerns that the coronavirus could be transmitted by handling cash, according to a recent report by the Switzerland-based Bank of International Settlements, prompting merchants and members of Congress to contemplate more san...
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Resources for Consumers Facing Financial Hardship due to Coronavirus
Apr 27, 2020
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The Consumer Financial Protection Bureau (CFPB) has a variety of resources for consumers who are facing financial hardship as a result of the ongoing coronavirus (COVID-19) crisis. These resources include information for homeowners struggling to make payments on their mortgage, information on the di...
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McHenry, Walden, Brady Oppose Pelosi’s Plan to Create Partisan COVID-19 Oversight Subcommittee
Apr 23, 2020
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Today, Republican leaders of the House Committees on Financial Services, Energy and Commerce, and Ways and Means sent a letter to Speaker Nancy Pelosi in opposition to Democrats’ plan to create a partisan and duplicative select subcommittee to review the Administration’s ongoing COVID-19 response. R...
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McHenry Statement on House Passage of Additional Paycheck Protection Program Funding
Apr 23, 2020
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the House passed the Paycheck Protection Program and Health Care Enhancement Act: “More than two weeks after Republicans called for the Paycheck Protection Program to be replen...
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McHenry Introduces New Bill to Support Retirement Savers Hurt by COVID-19
Apr 21, 2020
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced new legislation to help Americans whose retirement savings have been harmed by the economic impact of coronavirus (COVID-19). H.R. 6562, the Securing Additional Value for Every Retirement Saver (...
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McHenry on Paycheck Protection Program Funding Deal: Finally
Apr 21, 2020
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Senate passed legislation to replenish Paycheck Protection Program funding: "I think I echo the sentiment of our financial institutions and small businesses when I say—fina...
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