Today, the Subcommittee on Housing, Community Development, and Insurance held its first virtual hearing—the second for the Committee overall—on the economic impact of COVID-19 on renters and housing providers. Committee Republicans remain focused on solutions that are data-driven and targeted toward those who need it most, while also addressing the underlying state and local regulatory… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter in support of the Securities and Exchange Commission’s (SEC) efforts to simplify and improve the complex exempt offering framework. In the letter, Ranking Member McHenry states that these proposed changes “would help small businesses and expand investment… Read more »
Today, the Subcommittee on Consumer Protection and Financial Institutions held the Committee’s first virtual hearing on the important role Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) play in minority and low-income communities hardest hit by the coronavirus (COVID-19) pandemic.
“Today’s hearing focuses on promoting inclusion in… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Acting Comptroller of the Currency Brian Brooks announced the OCC’s finalized Valid-When-Made rule:
“Acting Comptroller Brooks is wasting no time in fulfilling his pledge to foster financial technology. The regulatory uncertainty caused… Read more »
WASHINGTON, D.C. - Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 26, Subcommittee on Investor Protection and Capital Markets Chairman Brad Sherman (D-CA) and Ranking Member Bill Huizenga (R-MI) will host a virtual roundtable entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets,” with… Read more »
WASHINGTON, D.C. - Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, Friday, May 22, Housing, Community Development, and Insurance Subcommittee Chairman Wm. Lacy Clay (D-MO) and Ranking Member Steve Stivers (R-OH) will host a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) proposed rule setting stronger capital requirements for Fannie Mae and Freddie Mac:
“This is a critical step toward fixing our broken housing finance system. This proposed rule is a part of Director Calabria and… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Comptroller of the Currency Joseph Otting announced he will step down from his current position at the OCC:
“Comptroller Otting has made a lasting impact on our nation’s financial system during his time in public service. Joseph has been an advocate for… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Office of the Comptroller of the Currency (OCC) released its final rule to modernize the Community Reinvestment Act (CRA):
“I’m glad to see the OCC move to strengthen the CRA through modernization. This update reflects the transformation of banking… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Office of the Comptroller of the Currency (OCC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and National Credit Union Administration’s (NCUA) joint guidance on small-dollar lending:
“Millions of Americans facing financial… Read more »
