The Latest Breaking News from Patrick T McHenry

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Tribune News Service · Nov 29, 2022

As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

Roll Call · Nov 29, 2022

Expected Financial Services chair found consensus with Democrats - Roll Call

Democrats said Rep. Patrick T. McHenry, R-N.C., expected Financial Services Committee chair, has sought to find bipartisan consensus.

Roll Call · Nov 4, 2022

GOP midterm victory would add pressure on fintech regulators

If Republicans win control of Congress in the November midterms, people who closely follow financial technology expect pressure on regulators to push crypto-friendly rules across the finish line.

Tribune News Service · Oct 5, 2022

GOP midterm victory would add pressure on fintech regulators - Roll Call

Regulators may feel congressional pressure to finish some fintech rules after the midterms, but a GOP majority would want a light touch.

Roll Call · Oct 4, 2022

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Tribune News Service · Sep 22, 2022

Bank executives warn lawmakers of lending risk among nonbanks - Roll Call

Bank executives warned House lawmakers that the biggest lenders in the mortgage market are nonbanks that face fewer capital requirements.

Roll Call · Sep 21, 2022

Political divide snags the digital update to anti-redlining law - Roll Call

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

Roll Call · Sep 20, 2022

McHenry, eyeing House Financial Services chair, racks up campaign donations

House Financial Services ranking Republican Patrick T. McHenry raised about $940,000 in campaign donations in the weeks leading up to and months after setting his sights on the panel chairmanship.

Tribune News Service · Jul 27, 2022

McHenry, eyeing Financial Services chair, racks up campaign donations

House Financial Services ranking member Patrick T. McHenry, a likely chair if Republicans retake the House, is racking up donations.

Roll Call · Jul 26, 2022