Financial Services Committee Republicans

11/29/2023

: Chairman Patrick McHenry announces a Housing and Insurance Subcommittee hearing entitled "Housing Affordability: Governmental Barriers and Market-Based Solutions."

📺 Tune in 🔗

11/29/2023

Director Chopra's tenure at the head of the can be defined by a single word: unaccountable.

Committee Republicans are taking Chopra's CFPB to task for its policies that disregards Congressional intent and exceeds its statutory authority.

11/29/2023

The Consumer Financial Protection Bureau (CFPB)'s 1071 rule is a blatant attempt to weaponize lending data against borrowers whose business activities are unfavorable to progressive activists.

It's not the job of regulators to make lending decisions for creditors.

This rule is bad for .

11/29/2023

Director Chopra's CFPB is considering blocking law enforcement fighting terrorism from accessing essential data in order to push progressive social policy.

Another case of misplaced priorities and rampant politicization at the Bureau.

The FBI stopped an ISIS attack in 2015 using credit-header data, which the bureau wants to restrict.

11/29/2023

: Chairman Patrick McHenry to CFPB Director Chopra at today's hearing:

"Where the Biden Administration doesn’t have the authority or votes in Congress to make a change, the CFPB under your leadership simply forges ahead, unchecked."

Read More:
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409059

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11/29/2023

: Chairman Patrick McHenry convenes the House Financial Services Committee for the semi-annual report of the Bureau of Consumer Financial Protection.

📺 Tune in 🔗
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=409053

11/28/2023

Embarrassing: the IMF wants to use a climate slush fund to waste more money in Argentina.

US Treasury should end the charade and finally insist on a program that works.

The International Monetary Fund is "very keen" to support Argentina and the country could be a candidate to receive financing through its Resilience and Sustainability Trust (RST), the Fund's chief Kristalina Georgieva said.

11/28/2023

: Chairman Patrick McHenry announces a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled: "Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services."

Read more 🔗

Digital Assets, Financial Technology and Inclusion Subcommittee Hearing Entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services”

11/28/2023

Home prices just reached a new record in September as homes for sale become more and more scarce under Joe Biden's leadership.

is pushing the American dream of home ownership out of reach for families nationwide.

📖 Read more 👇

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September.

11/27/2023

"It should be left to bankers, not regulators, to determine which risks are worth taking."

Biden regulators' Basel III endgame proposal would inject bureaucrats into balance sheets to reduce lending, stifle homeownership, and make credit more expensive.

Regulators shouldn’t try to micromanage balance sheets. Better to set simpler leverage limits and leave the risk decisions to bankers.