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McHenry, Luetkemeyer Lead Letter to Chopra Regarding Radical Interpretation of UDAAP Policy, Changes to CFPB Procedures

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Today, Congressman Patrick McHenry (NC-10), top Republican on the House Financial Services Committee, and Congressman Blaine Luetkemeyer (MO-03), top Republican on the Subcommittee on Consumer Protection and Financial Institutions, led a letter with House Financial Services Committee Republicans to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding the…

Wagner at Committee Markup: Today’s Bills Do Not Meet the Moment

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Today, the House Financial Services Committee is holding a markup of several pieces of legislation. While families across the country are struggling with rising prices and empty store shelves, Committee Democrats are attempting to advance mostly partisan proposals that will do nothing to address the many problems plaguing our economic recovery. Watch Vice Ranking Member Ann Wagner’s…

Republican Leaders Demand Answers on CFPB’s Shady Policy Fellowship Program

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This week, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), the top Republican on the Subcommittee on Consumer Protection, Blaine Luetkemeyer (MO-03), and the Vice Ranking Member of the Subcommittee on Oversight and Investigations, William Timmons (SC-04), sent…

McHenry: Democrat-Led Washington, Democrat Regulators, and Democrat Policies are Failing the American People

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Today, the House Financial Services Committee is holding a hearing with Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council (FSOC). Committee Republicans will emphasize how FSOC—like other Biden financial regulators—must focus on maintaining the safety and soundness of our financial system, rather than exceeding its statutory authority by…

Top Republicans Demand Information on Role of OCC’s Hsu in FDIC Power Grab

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), and the top Republican on the Subcommittee on Consumer Protection and Financial Institutions, Blaine Luetkemeyer (MO-03), sent a letter to Acting Comptroller of the Currency Michael Hsu. The Republican…

House Passes Republican-Led, Bipartisan Financial Services Bills

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Today, the U.S. House of Representatives passed several pieces of bipartisan financial services legislation, including three bills introduced by Committee Republicans. Among the bipartisan bills passed are Republican-led initiatives to further isolate the Putin regime from the international financial system in response to Russia’s invasion of Ukraine and to make it easier for small…

McHenry, Huizenga Call on Chair Waters to Immediately Convene Full SEC Hearing

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Bill Huizenga (MI-02), sent a letter to Chairwoman Maxine Waters (CA-43) reiterating their demand for a hearing with the full Securities and Exchange Commission (SEC). Committee Republicans previously…

McHenry Raises Concerns with CRA Proposal

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Notice of Proposed Rulemaking on the Community Reinvestment Act (CRA) released today by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Federal Reserve: “Modernization of the CRA is long overdue,” said…

McHenry, Emmer Introduce Legislation to Provide Oversight on COVID Spending

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Today, Congressman Patrick McHenry (NC-10), the top Republican on the House Financial Services Committee, and Congressman Tom Emmer (MN-06), the top Republican on the Financial Services Committee’s Oversight and Investigations Subcommittee, introduced the Emergency Rental Assistance Accountability and Transparency Act to improve Inspector General oversight of COVID-related Emergency…

McHenry on JOLTS Data: The Labor Shortage is Fueling Democrat-Induced Inflation

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Today, the top Republican on the House Financial Services Committee and leader of House Republicans’ Task Force on Jobs and the Economy, Patrick McHenry (NC-10), issued the following statement regarding the Job Openings and Labor Turnover Survey (JOLTS) data released today: “The labor shortage is fueling Democrat-induced inflation,” said Republican Leader McHenry. “Today’s JOLTS data…

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