WASHINGTON – Today, House Democrats chose to put politics ahead of consumers by passing partisan legislation to alter portions of the Consumer Financial Protection Bureau (CFPB). H.R. 1500, the Consumers First Act, ignores the fundamental flaw of the CFPB, its unaccountability, which Republicans have raised since its establishment under the partisan Dodd-Frank Act.
… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from the Housing and Urban Development (HUD) Secretary, Ben Carson.
The Republican leader of the Committee, Patrick McHenry (NC-10), applauded Secretary Carson’s efforts to bring much needed reform to the agency, including “modernizing… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from the Chair of the National Credit Union Administration, Rodney Hood; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; Comptroller of the Currency, Joseph Otting; and Vice Chair of Supervision of the Board of Governors of the Federal Reserve System, Randal… Read more »
WASHINGTON – Today, the U.S. House of Representatives advanced four bipartisan Financial Services bills: H.R. 389, the Kleptocracy Asset Recovery Rewards Act; H.R. 1037, the Banking Transparency for Sanctioned Persons Act; H.R. 1060, the BUILD Act; and a short-term extension of the National Flood Insurance Program (NFIP), which was set to expire this month.
Republican leader of the… Read more »
Representative Patrick McHenry (R-NC), ranking member of the Financial Services Committee, talked about issues related to his committee’s domain. Topics included Federal Reserve Chair Jerome Powell, President Trump’s difficulties with his recent with central bank nominees, the Consumer Financial Protection Bureau, and congressional news.
Read more »
WASHINGTON – This week, the House Financial Services Committee favorably reported five pieces of legislation out of committee, many with strong bipartisan collaboration and support.
Additionally, the Committee passed two resolutions to establish the Financial Technology (FinTech) and Artificial Intelligence (AI) Task Forces within the Financial Services Committee. The Republican leader… Read more »
WASHINGTON – Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Committee on Financial Services, announced that they have introduced legislation (H.R. 2578) to extend the National Flood Insurance Program’s (NFIP) authorization to September 30, 2019. The authorization is due… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), sent letters to several financial regulators on Friday requesting a status update on their agencies’ efforts to implement regulations that would “promote economic growth and competition in our marketplaces,” which directly benefits consumers.
Many of the regulations referenced by the… Read more »
The top Republican on the House Financial Services Committee on Friday pressed federal regulators for updates on their efforts to finalize rule rollbacks signed by President Trump in 2018.
Rep. Patrick McHenry (R-N.C.), asked the chiefs of five federal financial regulatory agencies for status updates on their implementation of a bipartisan law passed to loosen… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to examine proposed Democrat legislation that would infuse $92.1 billion into government housing programs, with no reform or modernization of these depression-era plans.
Republican leader of the committee, Patrick McHenry (NC-10), began by applauding Democrat’s agreement with Republicans that addressing “barriers… Read more »
