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McHenry Slams CFPB Proposal to Increase Costs on Credit Card Users

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) Notice of Proposed Rulemaking regarding credit card fees, which would limit consumer options, benefits, and punish borrowers in good standing.   “At a time when more American families are…

McHenry: Republicans are Ready to Deliver with Solutions to Foster Innovation and Create Economic Opportunity for All Americans

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Today, the House Financial Services Committee is holding its Organizational Meeting for the 118th Congress. The Committee will consider resolutions to appoint members to their respective subcommittees, adopt a Committee Oversight and Authorization plan, and adopt Committee rules for the 118th Congress. Watch Chairman McHenry’s opening remarks here. Read Chairman McHenry’s opening…

HEARING NOTICE: Full Committee to Hold Hearing on Combatting the Economic Threat from China

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Hearing Entitled: Combatting the Economic Threat from China Time: 10:00 AM ET Date: Tuesday, February 7, 2023 Place: 2128 Rayburn House Office Building Additional information regarding the hearing—including the livestream, relevant legislation, committee memo,…

HEARING NOTICE: Subcommittees on Capital Markets and Financial Institutions & Monetary Policy

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following subcommittee hearings: Subcommittee on Capital Markets: Hearing Entitled: “Sophistication or Discrimination? How the Accredited Investor Definition Unfairly Limits Investment Access for the Non-wealthy and the Need for Reform” Time: 10:00 AM ET Date: Wednesday,…

House Passes Three Bipartisan Financial Services Bills

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Today, the U.S. House of Representatives passed several pieces of bipartisan financial services legislation. Among the bipartisan bills passed are initiatives to combat the financial exploitation of our seniors and other vulnerable adults, streamline federal credit union board meeting requirements, and increase access to capital for rural small businesses. The financial services bills…

McHenry Announces Financial Services Majority Staff for the 118th Congress

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the majority Committee staff for the 118th Congress.   “I’m a firm believer that talented staff makes the work of members, and Congress as a whole, possible,” said Chairman McHenry. “Each individual brings a unique background and expertise that will help Committee…

McHenry Announces Subcommittee Assignments for 118th Congress

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced Subcommittee Assignments for the 118th Congress. “I congratulate all of our Republican members on their subcommittee assignments for the 118th Congress,” said Chairman McHenry. “With such a competent and dynamic team, Committee Republicans are ready to hit the ground running…

McHenry Statement on Nomination of Ron Borzekowski to Lead Treasury’s Office of Financial Research

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to President Joe Biden’s nomination of Ron Borzekowski as the head of the Office of Financial Research (OFR) at the U.S. Treasury Department. “The days of Democrats using critical financial regulators to push progressive priorities with zero consequences…

McHenry Announces Financial Services Subcommittee Chairs and Jurisdiction for 118th Congress

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the Financial Services Committee’s subcommittees, as well as Chairs and jurisdiction for the 118th Congress. “Committee Republicans are ready to deliver on our promises made to the American people,” said Chairman McHenry. “This slate of subcommittee Chairs will be the drivers of…

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