The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined Bloomberg Markets: Balance of Power to discuss the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is expected to be considered in the House tomorrow. This legislation provides critical support to workers, families, and small businesses hardest hit by the coronavirus… Read more »
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 the coronavirus (COVID-19) pandemic.
“This is not like any economic or health issue we’ve… Read more »
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 American families and businesses:
“Over the last several days, I have worked with Senate… Read more »
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 week, are a part of Committee Republicans’ comprehensive approach to addressing… Read more »
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 Losses (CECL) standard.
Key facts:
Today, FDIC Chair Jelena McWilliams sent a… Read more »
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 by President Trump. By invoking the Defense Production Act, the President is taking… Read more »
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 from FHFA:
The FHFA has directed Fannie Mae and Freddie Mac to suspend foreclosures… Read more »
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 penalties banks face for incremental… Read more »
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 forbearance options.
Ranking Republican Patrick McHenry (NC-10) issued the following statement… Read more »
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 Republican Committee leaders wrote, “In light of the evolving nature of the coronavirus, there… Read more »
