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House bill would reform credit reporting agencies
Jul 23, 2019
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Legislation introduced in the U.S. House of Representatives last week seeks to reform the supervision of credit reporting agencies. The bill, introduced by Rep. Patrick McHenry (R-NC), is designed to ensure that credit files are accurate and transparent and personally identifiable information is pro...
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McHenry Proposes New Solution to Protect American Families’ Sensitive Information and Access to Credit
Jul 19, 2019
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WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), introduced new legislation to address glaring issues within the credit reporting industry, which endanger the security of Americans’ most personal information and impede access to credit. H.R. 3821 inc...
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McHenry: The reality is, whether Facebook is involved or not, change is here
Jul 17, 2019
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WASHINGTON – Today, the House Financial Services Committee is holding a hearing to learn more about Facebook’s recently announced digital currency proposal, Project Libra. Republican leader of the Committee, Patrick McHenry (NC-10), who called for this hearing last month, delivered opening remarks u...
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Committee Republicans Work to Facilitate Responsible Technology at Libra Hearing
Jul 17, 2019
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WASHINGTON – Today’s House Financial Services Committee hearing on Facebook’s digital currency proposal, Project Libra, provided an opportunity for Republican committee members to “go beyond the headlines” as Ranking Member Patrick McHenry (NC-10) called for in his opening remarks. Republicans press...
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GOP lawmaker: Innovation should not go to Washington ‘to die’
Jul 17, 2019
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Amid bipartisan backlash against Libra, Facebook’s new cryptocurrency project, some House Republicans are urging Congress to keep an open mind about emerging technologies. The top Republican on the House Financial Services committee warned his colleagues not to make Facebook a “political talking poi...
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Congressman McHenry Looks to Support Responsible Innovation During Libra Hearing
Jul 17, 2019
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Congressman Patrick McHenry, Ranking Member on the House Financial Services Committee, told his fellow members at the Libra hearing today to “go beyond the headlines” when probing Facebook’s project to create a global payment ecosystem. The hours-long hearing saw David Marcus, head of Libra, hammere...
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Rep. McHenry: Hearing Is 90% Facebook, 10% Digital Currency
Jul 17, 2019
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Rep. Patrick McHenry (R-North Carolina) discusses hearings with Facebook and thoughts on their digital currency. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
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Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin'
Jul 17, 2019
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Rep. Patrick McHenry (R-N.C.), ranking member of the Financial Services Committee, joins "Squawk Box" to discuss the tech hearing on Capitol Hill. Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin' from CNBC.
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Republicans Fight Democrat Proposals to Impede Credit Access, Increase Cost
Jul 12, 2019
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WASHINGTON – House Financial Services Committee Democrats brought several pieces of legislation before the full committee for a markup. In all, ten bills were considered, six of which addressed diversity and inclusion and housing, receiving bipartisan support. However, the remaining four bills to am...
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McHenry Continues Push for Regulatory Relief, Financial Inclusion, & Innovation at Fed Hearing
Jul 10, 2019
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WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy. Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks highlighting the positive econom...
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