WASHINGTON – Today, the House Financial Services Committee received testimony from seven Global Significantly Important Bank (GSIB) CEOs, including: Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, State Street Corporation, Bank of New York Mellon, and Goldman Sachs.
Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks stating his… Read more »
The CEOs of America's largest banks will testify on Capitol Hill this morning about how the industry has transformed in the 10 years following the financial crisis. Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee , joins "Squawk Box" ahead of the hearing.
Dodd Frank required banks to be bigger, says Rep. Patrick McHenry from CNBC. Read more »
CNBC's Wilfred Frost talks with Rep. Patrick McHenry (R-N.C.), the ranking republican on the House Financial Services Committee, about the outcome of the big bank CEOs testifying on Capitol Hill.
Takeaway from banking hearing was banks are giving consumers a lot of choice: McHenry from CNBC. Read more »
Representative Patrick McHenry, a North Carolina Republican, discusses the testimony from major U.S. bank chiefs to the House Financial Services Committee with Bloomberg's Kevin Cirilli. (Source: Bloomberg)
Read more »
WASHINGTON - Today, the House Financial Services Committee held its annual hearing to receive testimony from the U.S. Department of Treasury Secretary, Steven Mnuchin, on the state of the International Financial System.
The Committee's Republican leader, Patrick McHenry (NC-10) delivered the following opening remarks:
"Welcome Secretary Mnuchin, welcome back to the… Read more »
Congressman Patrick McHenry (R, NC-10), the Republican Leader of the House Financial Services Committee, introduced H.R. 2007, the IRS Data Verification Modernization Act of 2019.
This bipartisan bill will require the Internal Revenue Service (IRS) to automate the Income Verification Express Services process by creating an Application Programming Interface (API). This will allow small… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency (FHFA):
“Mark Calabria has a long history as a thoughtful leader in the housing finance reform conversation. This, coupled with his knowledge of our nation’s… Read more »
Politically motivated jabs at banks risk distracting lawmakers from addressing serious threats to the U.S. economy, from China's debt bubble to Brexit, the top Republican on the House Financial Services Committee said today.
In a speech at the Chamber of Commerce, Rep. Patrick McHenry (R-N.C.) said that while the next big threat to the global economy is difficult to identify, "if we… Read more »
This week, the House Committee on Financial Services held a mark-up of five pieces of legislation:
H.R. 389, the "Kleptocracy Asset Recovery Rewards Act"
H.R. 1856, the "Ending Homelessness Act of 2019"
H.R. 1815, the "SEC Disclosure Effectiveness Testing Act"
H.R. 1595, the "Secure and Fair Enforcement Banking Act of 2019"
H.R. 1500, the "Consumers First… Read more »
In response to a speech given by Dr. Peter Navarro, Director of the Office of Trade and Manufacturing Policy, at the 2019 Annual Conference of the Export-Import Bank of the United States (EXIM), House Financial Services Committee Ranking Member Patrick McHenry (NC-10) released the following statement:
“As antagonistic regimes like China continue to prop up their domestic… Read more »
