Today, Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the indictment of four members of the Chinese military for their involvement in the 2017 Equifax data breach:
“The 2017 Equifax breach jeopardized nearly 150 million Americans’ most sensitive and personal information. It was clear from the start… Read more »
Today, the House Committee on Financial Services is holding its semi-annual hearing with Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger. Republicans will discuss recent actions taken by the Bureau to improve transparency, clarify supervision and enforcement standards, and encourage the responsible use of alternative data in underwriting. Republican Members will… Read more »
Today, the House Financial Services Committee is holding a hearing on the consumer benefits of partnerships between banks and nonbank lenders, including bank-fintech partnerships. When properly regulated, these partnerships can provide greater financial inclusion, spur technological innovation, and foster competition that ultimately benefits consumers.
Watch Republican Leader of the… Read more »
WASHINGTON - Today, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on the Senate vote acquitting President Donald J. Trump on the two articles of impeachment passed by the House:
"The 2016 election outcome was a shock to many, but none more so than Democrats in Washington. Since then, they’ve been… Read more »
WASHINGTON - Tonight, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on President Trump's State of the Union address:
“Tonight, President Trump delivered a powerful message highlighting all that has been accomplished over the past three years. Through the new trade agreement with China, the USMCA,… Read more »
Today, the House Financial Services Committee is holding a hearing with Comptroller of the Currency Joseph Otting on the recent joint proposal from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to modernize the Community Reinvestment Act (CRA). Republican members of the Committee will examine how the proposed rule will strengthen… Read more »
Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) is seeking answers from Clearview AI, following concerning reports that the company has developed a facial recognition tool based on a collection of images of people’s faces scraped from the internet, including “employment sites, news sites, educational sites, and social networks including Facebook,… Read more »
Today, Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) delivered remarks on the House floor in opposition to Democrats’ partisan legislation, H.R. 3621, appropriately renamed by Republicans as the “Cutting Consumers’ Credit Act.” This bill will weaken underwriting standards making it more difficult and costly for Americans from all walks of life to… Read more »
Today, House Republicans selected Congressman Van Taylor (TX-3) to serve on the House Financial Services Committee. The top Republican on the Committee, Patrick McHenry (NC-10), issued the following statement in response:
“Congressman Van Taylor’s experience in the financial services sector will make him a valuable addition to our Committee. Having represented the Dallas metroplex first… Read more »
Last year, the Financial Services Committee heard directly from the CEOs of America’s seven largest banks. When asked what kept these leaders up at night, a majority cited cyberattacks as the greatest risk they faced — not productivity growth, not political upheaval overseas, not an economic slowdown in China. Threats… Read more »
