House Of Representatives news and trends

UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
Security & Fraud // April 29, 2024

UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. The Senate hearing is titled “Hacking America’s Health Care: Assessing the Change Healthcare Cyber Attack and What’s Next,” while the House hearing is called “Examining the Change Healthcare Cyberattack.”...

Credit Card Late Fee Cap Has Winding Path Ahead In Congress
Credit Cards // April 18, 2024

Out of committee…and now the path is a winding one for the proposed repeal of the Consumer Financial Protection Bureau’s (CFPB) rule that would cap credit card late fees as soon as next month. On Wednesday (April 17), the House Financial Services Committee (HSFC) voted to approve a...

McHenry Proposes Office to Regulate Financial Regulators
Regulation // April 18, 2024

House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, re-introduced legislation Wednesday (April 17) that would set up Financial Services Innovation Offices (FSIO) within each financial regulator. “Each FSIO will assess burdensome agency regulations...

Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
CFPB // March 13, 2024

The Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating digital payments firms — especially larger players — critics charged at a Wednesday (March 13) House hearing. At the House of Representatives Committee on Financial Services Subcommittee on Digital Assets,...

Quick Reads
House Committee Leaders Want Study of AI’s Impact on Financial Services

December 02, 2024
The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and housing industries. HFSC Chairman Patrick McHenry, R-North Carolina, and Ranking Member Maxine Waters, D-California, introduced bipartisan measures focusing on AI and its impact, the HFSC said in a Monday (Dec. 2) press release. […]

UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack

April 29, 2024
UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. The Senate hearing is titled “Hacking America’s Health Care: Assessing the...

McHenry Proposes Office to Regulate Financial Regulators

April 18, 2024
House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, re-introduced legislation Wednesday (April 17) that would set...

McCarthy Says House ‘Moving Forward’ With TikTok Bill

March 26, 2023
House Speaker Kevin McCarthy says the time has come to put restrictions on TikTok. “The House will be moving forward with legislation to protect Americans from the technological tentacles of...