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McHenry Slams CFPB Digital Payments Proposed Rule

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to a notice of proposed rulemaking from the Consumer Financial Protection Bureau (CFPB) regarding digital wallets and payments applications that stretches the Bureau’s authority to eliminate consumer choice and stymie the development of innovative…

Wagner Delivers Opening Remarks at Hearing to Examine the Consequences of the SEC’s Agenda for U.S. Capital Markets and Investors

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Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), is holding a hearing entitled “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.”   Watch Chairman Wagner’s opening remarks here.   Read Chairman Wagner’s opening remarks as…

HEARING NOTICE: House Financial Services Committee Member Day

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:    Full Committee Hearing Entitled: “Member Day”   Time: 9:00 AM ET Date: Thursday, November 9, 2023 Place: 2128 Rayburn House Office Building   Members of Congress, Delegates, and the Resident Commissioner will have the opportunity to…

Davidson Delivers Remarks at Hearing to Examine the Factors Influencing the High Cost of Insurance for Consumers

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Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “The Factors Influencing the High Cost of Insurance for Consumers.”   Watch Chairman Davidson’s opening remarks here.   Read Chairman Davidson’s opening remarks as prepared for…

HEARING NOTICE: A Review of Our Sanctions Regime and Efforts to Combat Terrorist Financing

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:    Full Committee Hearing Entitled: “A Review of Our Sanctions Regime and Efforts to Combat Terrorist Financing” Time: 10:00 AM ET Date: Wednesday, November 8, 2023 Place: CVC Auditorium   NOTE: It is anticipated that this hearing will…

HEARING NOTICE: Subcommittee on Financial Institutions and Monetary Policy

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   Financial Institutions & Monetary Policy Subcommittee Hearing Entitled: “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation” Time: 10:00 AM ET Date: Tuesday, November 7,…

McHenry, Lummis Release Statement Following GAO Determination on Staff Accounting Bulletin 121

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Today, Financial Services Committee Chair Patrick McHenry (R-NC) and U.S. Senator Cynthia Lummis (R-WY) released the following statement after the Government Accountability Office (GAO) determined that Staff Accounting Bulletin 121 (SAB 121) is a rule for the purposes of the Congressional Review Act. SAB 121 greatly harms consumers and is a clear overreach of the authority of the…

Huizenga Delivers Remarks at Hearing to Understand the Iranian Regime’s Access to Money and How They Use It to Support Terrorism

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Today, the House Financial Services Subcommittee on Oversight and Investigations, led by Chairman Bill Huizenga (MI-04), is holding a hearing  entitled “Moving the Money: Understanding the Iranian Regime’s Access to Money Around the World and How They Use It to Support Terrorism.”   Watch Chairman Huizenga’s opening…

HEARING NOTICE: Subcommittees on Capital Markets and Housing & Insurance

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:    Capital Markets Subcommittee Hearing Entitled: “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors” Time: 10:00 AM ET Date: Thursday, November 2, 2023 Place: 2128 Rayburn House Office…

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