House Financial Services Committee

HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
June 23, 2023  |  Legal & Regulation

The chairman of the House Financial Services Committee aims to reverse a Biden Administration mortgage plan. Rep. Patrick McHenry (R-North Carolina) said Friday (June 23)...

READ MORE >
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
June 12, 2023  |  Legal & Regulation

In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses.  Lawmakers are moving to reform the Financial...

READ MORE >
Lawmakers Demand FinCEN Educate Businesses on Beneficial Ownership Reporting Requirements
Lawmakers Demand FinCEN Educate Businesses on Beneficial Ownership Reporting Requirements
June 08, 2023  |  Legal & Regulation

Lawmakers are demanding greater clarity on FinCEN’s forthcoming beneficial ownership reporting requirements. In a Wednesday (June 7) letter to Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das and U.S. Treasury Secretary Janet Yellen,...

READ MORE >
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
May 17, 2023  |  Bank Regulation

A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...

READ MORE >
Partisan Battle Lines See Crypto Stablecoin Payment Regulation Stalling Out
Partisan Battle Lines See Crypto Stablecoin Payment Regulation Stalling Out
April 19, 2023  |  Cryptocurrency

Two congressional hearings later, and crypto’s future in the U.S. remains as uncertain as ever. Fresh from Tuesday’s (April 18) House Financial Services Committee hearing...

READ MORE >
House Set to Examine the Future of US Stablecoins
House Set to Examine the Future of US Stablecoins
April 16, 2023  |  Cryptocurrency

U.S. lawmakers this week will hold hearings that could decide the future of stablecoins. The House Financial Services Committee is due to meet Wednesday (April...

READ MORE >
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
March 29, 2023  |  Bank Regulation

House lawmakers showed that their teeth can just bite as tough as their Senate counterparts during the second day of congressional hearings about how Silicon...

READ MORE >
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
March 27, 2023  |  Banking

America’s banking regulator is investigating the recent collapse of two lenders. Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), says his agency is...

READ MORE >
Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts
Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts
March 27, 2023  |  Banking

If there is one thing that QED Partner Amias Gerety says needs to happen right away, it’s to stop using the world bailout to describe...

READ MORE >