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McHenry pushes for financial services hearings, Deutsche Bank records

| Posted in In Case You Missed It

While most of the focus concerning the House Financial Services Committee in recent weeks has been on the return of Democratic leadership, Rep. Patrick McHenry (R-N.C.) is doing his best to ensure his party’s perspective. This week, the Republican leader of the Committee sent a letter to Chairwoman Maxine Waters (D-Calif.) requesting hearings in “critical areas that the committee should…

Fintech in Brief: Ranking Member McHenry Calls for House Financial Services Committee Hearing on Financial Innovation

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Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, recently requested in a January 22, 2019 letterto Congresswoman Maxine Waters (D-CA), Chairwoman of the Financial Services Committee, among other topics, a hearing on the regulation of Fintech as a means of ensuring all consumers have “fair and transparent access to the financial products…

McHenry Seeks Answers from Deutsche Bank on Efforts to Stop Illegal Financial Transactions

| Posted in Press Releases

WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent Deutsche Bank Chief Executive Officer, Christian Sewing, a letter initiating an investigation into the Bank’s anti-money laundering operations. Ranking Member McHenry detailed the past “compliance deficiencies” within the Bank’s system to prevent and detect illegal…

McHenry Announces Republican Committee Leadership Team

| Posted in Press Releases

WASHINGTON - House Financial Services Committee Ranking Member Patrick McHenry (NC-10) today announced the committee’s Republican leadership team for the 116th Congress. “This group will play a critical role in leading this committee as we advance innovative solutions for hardworking taxpayers,” said Ranking Member McHenry. “I look forward to working alongside our subcommittee Republican…

Lawmakers Promise Fresh Push to Overhaul Housing Finance

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White House, Congress look for ways to get Fannie Mae, Freddie Mac out of government conservatorship   Lawmakers from both parties plan to take a fresh crack at getting Fannie Mae FNMA -1.98% and Freddie Mac , FMCC -1.05% two companies that underpin nearly half of U.S. mortgages, out of government control. For more than a decade, lawmakers have tried and failed to overhaul the…

Deutsche Bank Faces Growing U.S Scrutiny Over Money Laundering

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Deutsche Bank AG’s chief executive officer is being questioned by a key Republican lawmaker over what the company is doing to boost money-laundering safeguards amid reports that its U.S. unit may have been a key conduit for billions of dollars of dirty money. Representative Patrick McHenry, the top Republican on the House Financial Services Committee, sent a letter Thursday to CEO…

Measure seeks to curb insider trading

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Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA) introduced last week legislation designed to address insider trading by ensuring corporate insiders inability to engage in the practice via trading plan changes. The Promoting Transparent Standards for Corporate Insiders Act would enable the government to address fraud and abuse within the nation’s financial system. “I am glad to…

McHenry Pushes for Critical Financial Services Committee Hearings

| Posted in Press Releases

WASHINGTON – Congressman Patrick McHenry (NC-10), the Republican leader of the House Financial Services Committee, sent a letter to Chairwoman Maxine Waters (CA-43) requesting hearings in critical areas that the committee should prioritize in the first months of the new Congress. Ranking Member McHenry detailed a dozen hearings that will be “vital to helping ensure the strength and…

McHenry Applauds Approval of Republican Members of the Financial Services Committee

| Posted in Press Releases

WASHINGTON – Today, House Republicans approved members selected to serve on the House Financial Services Committee in the 116th Congress. “I look forward to joining new and returning Republican Financial Services Committee members in finding commonsense solutions for American families” said Ranking Member Patrick McHenry (NC-10). “Each of these members will provide valuable insights as…

GOP Urges Maxine Waters to Examine Brexit, Fannie-Freddie

| Posted in In Case You Missed It

The top Republican on the House Financial Services Committee wants the panel’s Democratic chair, Maxine Waters of California, to consider holding hearings on issues including Brexit, overhauling Fannie Mae and Freddie Mac and cybersecurity. Patrick McHenry, the ranking member of the panel, sent a letter to Waters Tuesday outlining his recommendations on issues Republicans would like to…

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