Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the report on stablecoins released by the President’s Working Group on Financial Markets, along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC):
“The Biden Administration seems determined… Read more »
In advance of today’s hearing with the new Consumer Financial Protection Bureau (CFPB) Director, Rohit Chopra, Committee Republicans are taking action to rein in the unaccountable agency. Since its inception, the CFPB’s structure and funding mechanisms have insulated it from transparency and accountability to Congress and the American people.
Last year’s Supreme Court decision that… Read more »
Today, the House Financial Services Committee is holding a hearing with the new Consumer Financial Protection Bureau (CFPB) Director, Rohit Chopra. While the Biden Administration and Director Chopra seek to return the CFPB to its days of regulation through enforcement, Committee Republicans are taking action to rein in the unaccountable agency.
Watch Republican Leader Patrick McHenry’s… Read more »
Today, Congressman Patrick McHenry (NC-10), Ranking Member of the House Financial Services Committee, and Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Consumer Protection & Financial Institutions Subcommittee, sent a letter to Chairwoman Maxine Waters regarding the urgent need to hold a hearing on Democrats’ IRS reporting requirement proposal. This proposal would… Read more »
Today, Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, and Congresswoman Carolyn B. Maloney (D-NY), Senior Member of the House Financial Services Committee and previous Chair of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, applauded the passage of H.R. 2989, the Financial Transparency Act, in the… Read more »
Today, House Committee on Financial Services Ranking Member Patrick McHenry (R-N.C.) and House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) wrote a letter to Postmaster General Louis DeJoy expressing their concerns regarding a United States Postal Service (USPS) pilot program offering paycheck-cashing services at several East Coast locations. Not only does USPS… Read more »
Today, the House Financial Services Committee is holding another hearing on the partisan housing provisions in Democrats’ massive spending bill, the so-called Build Back Better Act. At the same time, Democrats’ own party leadership is considering cutting the housing provisions from the bill altogether. Democrats’ reckless tax-and-spending spree would destroy our economic… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), sent a letter to the Inspector General (IG) for the Consumer Financial Protection Bureau (CFPB), Mark Bialek. The Republican Leaders demand the IG turn over any findings from his investigation into… Read more »
Today, House Committee on Financial Services Republican Leader Patrick McHenry and House Committee on Small Business Republican Leader Blaine Luetkemeyer sent a letter to Administrator Guzman of the Small Business Administration (SBA) voicing significant concerns with the lack of communication and responsiveness from the SBA to the nation’s smallest businesses, their lenders, and… Read more »
In advance of a Consumer Financial Protection Bureau (CFPB) oversight hearing later this month, all Financial Services Committee Republicans, led by Patrick McHenry (NC-10), sent a letter to the new Director of the CFPB, Rohit Chopra. The letter outlines Republicans’ concerns with three partisan, anti-consumer actions recently taken by the CFPB, while awaiting a permanent… Read more »
