News List

  • McHenry, Luetkemeyer Request Time to Understand Consequences of Cannabis Banking Legislation
    Mar 22, 2019 - WASHINGTON – This week, Republican leaders of the House Financial Services Committee, Patrick McHenry (NC-10) and the Consumer Protection and Financial Institutions Subcommittee, Blaine Luetkemeyer (MO-03), sent a letter to Chairs Maxine Waters and Gregory Meeks requesting they delay consideration o... More
  • Republican lawmakers urge National Flood Insurance Program reform
    Mar 21, 2019 - Republican House Financial Services Committee members called last week for meaningful reform of the National Flood Insurance Program (NFIP). During a recent hearing focusing on the program’s reauthorization, members highlighted the need to modernize the 51-year-old initiative that continues to accum... More
  • McHenry Talks FinTech at CUNA GAC
    Mar 18, 2019 - Jim Nussle, CUNA president/CEO, released the following statement after Congressman Patrick McHenry (R-NC), spoke at the 2019 Credit Union National Association Governmental Affairs Conference (CUNA GAC): “Congressman McHenry is a leading advocate for credit unions. He works to break through the strug... More
  • Republicans Call for Meaningful Reform of National Flood Insurance Program
    Mar 13, 2019 - WASHINGTON – At today’s House Financial Services Committee hearing on reauthorization of the National Flood Insurance Program (NFIP), Republican committee members highlighted the need to modernize the 51 year old program that continues to accumulate debt. In a January letter to Chairwoman Maxine Wat... More
  • Republicans Press Wells Fargo CEO on Efforts to Reform Harmful Culture
    Mar 12, 2019 - WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from Wells Fargo CEO, Tim Sloan. Republican members of the committee examined the Bank’s efforts to identify and remediate all impacted customers as well as change the culture that contributed to widesprea... More
  • Wells Fargo CEO grilled by bipartisan lawmakers over scandals
    Mar 12, 2019 - Michigan representatives were among the lawmakers who blasted Wells Fargo CEO Tim Sloan on Tuesday for the company's recent scandals and its response to them. Sloan told the House Financial Services Committee that the banking company has centralized its structure, beefed up its risk management profi... More
  • Lawmakers grill Wells Fargo CEO about scandals
    Mar 12, 2019 - After listening to Wells Fargo CEO Tim Sloan try to convince lawmakers the bank has undergone a “transformation,” Rep. Maxine Waters (D-CA) says it’s clear the bank has “failed to clean up its act.” Waters said she plans to reintroduce her legislation, the “Megabank Accountability and Consequences A... More
  • Ranking Member McHenry: Congress Created One of the Most Powerful and Unaccountable Bureaucracies Ever
    Mar 7, 2019 - WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing to receive testimony from the Consumer Financial Protection Bureau (CFPB) Director, Kathy Kraninger. Republican leader of the Committee, Patrick McHenry (NC-10), began by highlighting the flawed organization of t... More
  • Republican Priorities Included in Financial Services Committee Views & Estimates Document
    Mar 6, 2019 - WASHINGTON – Today, the House Financial Services Committee held a markup to consider and approve the views and estimates for matters within the committee’s jurisdiction for fiscal year 2020. Republican committee members offered 7 amendments to the Democrats’ proposed views, including multiple amendm... More
  • Republicans Press Powell on Balance Sheet & Economic Outlook
    Feb 27, 2019 - WASHINGTON – Today, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee at the semiannual hearing entitled: Monetary Policy and the State of the Economy. Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), began by highligh... More