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Covid-19 Updates Regulatory Relief

McHenry Applauds OCC Move to Foster Financial Technology, Provide Greater Financial Inclusion

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 by the ‘Madden’ decision has driven lenders away and hurt the most vulnerable borrowers. The OCC’s finalized Valid-When-Made rule pr...

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Capital Markets

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 the following panelists: Christopher Gerold, President, North American Securities Administrators Association and ...

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Housing Markets

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 Markets.” The panelists for the virtual roundtable include: Diane Yentel, President and CEO, National Low Income Hous...

McHenry: This is a Critical Step Toward Fixing our Broken Housing Finance System

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 the Trump Administration’s work to find a long-term solution to this decade-old problem. Stronger capital requi...