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 »
The House today advanced three financial services bills designed to protect both the elderly and young adults.
— The Senior Security Act of 2019 H.R. 1876 (116) would create a task force at the SEC to place a priority on senior investors' concerns.
— H. Res. 327 (116) seeks to encourage greater public-private sector collaboration to promote financial literacy for… Read more »
WASHINGTON, D.C. – Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Credit and Financial Institutions, delivered the following opening statement at a hearing on short-term, small-dollar lending:
Thank you Mr. Chairman.
Over the years, I’ve heard countless stories from my constituents who… Read more »
The top Republican on the House Financial Services Committee today accused Democrats of playing politics by using their investigative powers to subpoena nine big banks as part of probes into President Donald Trump and Russians' illicit use of the financial system.
In a letter to Financial Services Chairwoman Maxine Waters (D-Calif.), Rep. Patrick McHenry (R-N.C.) said he was concerned… Read more »
On Wednesday, for the first time in 10 years, the CEOs of America’s largest banks will appear before Congress to testify at the Financial Services Committee. The last time these banks were assembled before the committee, Chairman Barney Frank, D-Mass., sat atop the dais and the economy had just suffered its biggest shock since the Great Depression. Our financial services industry and… Read more »
WASHINGTON – Today, the House Financial Services Committee received testimony from seven Global Significantly Important Bank (GSIB) CEOs, including: Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, State Street Corporation, Bank of New York Mellon, and Goldman Sachs.
Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks stating his… Read more »
The CEOs of America's largest banks will testify on Capitol Hill this morning about how the industry has transformed in the 10 years following the financial crisis. Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee , joins "Squawk Box" ahead of the hearing.
Dodd Frank required banks to be bigger, says Rep. Patrick McHenry from CNBC. Read more »
