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Republican Priorities Included in Financial Services Committee Views & Estimates Document
Mar 6, 2019
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WASHINGTON – Today, the House Financial Services Committee held a markup to consider and approve the views and estimates for matters within the committee’s jurisdiction for fiscal year 2020. Republican committee members offered 7 amendments to the Democrats’ proposed views, including multiple amendm...
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Republicans Press Powell on Balance Sheet & Economic Outlook
Feb 27, 2019
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WASHINGTON – Today, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee at the semiannual hearing entitled: Monetary Policy and the State of the Economy. Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), began by highligh...
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Financial Services Republican Leader Examines Lack of Innovation, Competition in Credit Reporting System
Feb 26, 2019
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WASHINGTON – Today, CEO’s of the three major Credit Reporting Agencies, Equifax, TransUnion, and Experian North America, testified before the House Financial Services Committee at a hearing entitled: Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System. Republican Le...
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Waters, McHenry slam`broken' credit reporting system in face-off with executives
Feb 26, 2019
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Indignation toward the credit reporting industry united the top Democrat and Republican on the House Financial Services Committee Tuesday, with both calling for the shakeup of a business dominated by three giants: Equifax, Experian and TransUnion. Financial Services Chairwoman Maxine Waters (D-Calif...
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House banking panel bemoans credit bureaus' 'oligopoly'
Feb 26, 2019
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WASHINGTON — Nearly two years after the massive Equifax data breach, lawmakers made clear their criticism of the credit bureau industry has not abated. But at a hearing Tuesday where House members grilled CEOs of the largest bureaus and discussed possible reforms, lawmakers from both parties went be...
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Republicans Push for Comprehensive Approach to Addressing Homelessness
Feb 13, 2019
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WASHINGTON – Today, the House Financial Services Committee held its first full committee hearing of the 116th Congress entitled Homeless in America: Examining the Crisis and Solutions to End Homelessness. Ranking Member Patrick McHenry (NC-10) delivered an opening statement highlighting the far-reac...
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Financial Institutions Subcommittee Examines Proposed Cannabis Banking Legislation
Feb 13, 2019
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WASHINGTON – Today, the Subcommittee on Consumer Protection and Financial Institutions held its first hearing of the 116th Congress entitled Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses to consider the Secure and Fair Enforcement (SAFE) Banking Act of 2019. Th...
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McHenry investigates Ex-Im Bank's fraud prevention efforts
Feb 7, 2019
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Rep. Patrick McHenry (R-N.C.) today asked the Export-Import Bank for information about the agency's efforts to combat fraud. In a letter to acting Ex-Im Bank President Jeffrey Gerrish, McHenry cited a July 2018 GAO report that made recommendations about how the agency could improve its fraud prevent...
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McHenry Applauds Nomination of Malpass for World Bank President
Feb 6, 2019
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WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement in support of the nomination of Treasury Under Secretary David Malpass to be the next President of the World Bank: “I applaud the Trump Administration for pro...
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House Financial Services Ranking Member on CFPB Proposed Rulemaking on Payday Lending
Feb 6, 2019
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WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement after the Consumer Financial Protection Bureau (CFPB) announced two Notices of Proposed Rulemaking (NPRMs) that update the Bureau's stance on payday loans: “I...
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