Press Releases

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  • McHenry Applauds Volcker Rule Decision
    Aug 20, 2019 - WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Federal Deposit Insurance Corporation’s (FDIC) vote to amend the Volcker rule: "I have long advocated for reasonable reform of the Volcker rule—... More
  • Ranking Member McHenry Presses Fed for Capital One Data Security Breach Details
    Aug 5, 2019 - WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Vice Chair for Supervision at the Federal Reserve, Randal Quarles, following the recent Capital One Financial Corporation data security breach that affected nearly 100 million A... More
  • McHenry Responds to Capital One Breach
    Jul 30, 2019 - Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the Capital One Financial Corporation data security breach: "The Capital One data breach is a stark reminder of the need for stringent data security standards ... More
  • McHenry Supports CFPB Effort to Protect Taxpayers
    Jul 25, 2019 - WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in support of the Consumer Financial Protection Bureau’s (CFPB) decision to end the Qualified Mortgage (QM) patch for GSEs: “As I’ve said many times, we need to ... More
  • McHenry: Dodd-Frank Made the Largest Banks Larger While Suffocating Smaller Institutions
    Jul 24, 2019 - WASHINGTON – Today, the House Financial Services Committee is holding a hearing on the proposed merger of BB&T and SunTrust Bank. Despite Committee Democrats’ rhetoric, the partisan Dodd-Frank Act—which imposed overly burdensome regulations and increased the cost of compliance—has ensured the size ... More
  • Republicans Shed Light on the Impact of Dodd-Frank on Financial Institutions
    Jul 24, 2019 - WASHINGTON – Today, the full committee held a hearing to examine the proposed merger of BB&T and SunTrust Bank. Committee Republicans questioned the banks’ CEOs on the thorough review process they are complying with in order to merge, as well as their efforts to support and protect their customers w... More
  • McHenry Proposes New Solution to Protect American Families’ Sensitive Information and Access to Credit
    Jul 19, 2019 - 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... More
  • McHenry: The reality is, whether Facebook is involved or not, change is here
    Jul 17, 2019 - 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... More
  • Committee Republicans Work to Facilitate Responsible Technology at Libra Hearing
    Jul 17, 2019 - 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... More
  • Republicans Fight Democrat Proposals to Impede Credit Access, Increase Cost
    Jul 12, 2019 - 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... More