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McHenry: Clearview's Facial Recognition Tool Raises Serious Privacy and Public Safety Concerns
Jan 29, 2020
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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 “empl...
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Democrats’ Credit Reporting Bill Will Only Hurt the Very Consumers We Are Trying to Help
Jan 29, 2020
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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...
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Ranking Member McHenry Announces New Member of Financial Services Committee
Jan 16, 2020
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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 mak...
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Morning Consult: Why Protecting Financial Institutions From Cyberattacks Is an Urgent Matter
Jan 16, 2020
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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 slowdo...
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House Financial Services Subcommittee Unanimously Expresses Concern Over CECL
Jan 15, 2020
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Today in the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets at a hearing entitled “An Examination of the Financial Accounting Standards Board and the Public Company Accounting Oversight Board,” members from both sides of the aisle expressed serious concern with FASB’s CECL...
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McHenry: To Address the High Cost of Housing, We Need to Address the Root Cause of Local Issues
Jan 14, 2020
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Today, the House Financial Services Committee is holding a hearing on housing affordability challenges, which are most acutely experienced in high-cost, high-tax cities that have enacted counterproductive zoning laws and regulations. Republican Committee Members are examining the local barriers that...
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Committee Republicans Push for Comprehensive Approach to Increase Affordable Housing Options
Jan 14, 2020
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WASHINGTON – Today, the House Financial Services Committee held a hearing on the causes of rising housing costs – most notably, counterproductive state and local regulatory and zoning laws. Republican Committee Members highlighted the negative impact of these local barriers on the cost of constructi...
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House Passes McHenry Bill to Combat Cyber Threats to Financial System
Jan 13, 2020
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Today, the House of Representatives passed H.R. 4458, the “Cybersecurity and Financial System Resilience Act of 2019,” a bill introduced by the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10).This legislation, which advanced out of the Committee with broad, bipar...
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