Press Releases

McHenry Supports CFPB Effort to Protect Taxpayers


Washington, July 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 explore all paths that lead to responsibly ending the government sponsorship of Fannie Mae and Freddie Mac. The CFPB’s decision to end the QM patch for GSEs is a step toward ensuring taxpayers are protected. I look forward to working with this Administration to find a long-term solution that ensures access to affordable housing for all Americans.”

Print version of this document