House Financial Services Committee news and trends

This Week Web3: Scams, Payments and Stablecoins
Blockchain // September 04, 2024

A lot can change in five years, particularly when it comes to fast-moving innovations like blockchain technology. Back in 2019, the crypto landscape was marked by several themes and trends that reflected the early stages of adoption, experimentation and regulatory uncertainty. Today’s digital asset landscape...

HFSC to Hold Hearings on Decentralized Finance, ESG Standards
Politics // September 03, 2024

Subcommittees of the House Financial Services Committee (HFSC) will hold two hearings on Sept. 10, with one focused on decentralized finance and the other looking at environmental, social and governance (ESG) standards. HFSC Chairman Patrick McHenry, R-N.C., announced these scheduled hearings in a Tuesday (Sept....

US House Leaders Call on Regulators to Focus on AI Benefits
Artificial Intelligence // August 16, 2024

Leaders of the House Financial Services Committee (HFSC) called on the Treasury Department to focus on the potential benefits of artificial intelligence as the department considers how to regulate the use of the technology. HFSC Chairman Patrick McHenry of North Carolina and all six subcommittee...

House Republicans Slam CFPB’s Medical Bill Proposal
Consumer Finance // August 15, 2024

House Republicans are attacking a proposal that would remove medical bills from consumer credit reports. The Consumer Financial Protection Bureau (CFPB) issued its proposed rule in June, quickly drawing a rebuke from Rep. Patrick McHenry, the North Carolina Republican who heads the House Financial Services...

Interviews & Exclusives
Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts

March 27, 2023
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 what happened when the FDIC stepped in to rescue Silicon Valley Bank. Gerety told Karen Webster that to have a constructive dialogue on what was done, and what needs to […]

On The Hill, Banking’s Biggest Get Grilled

April 11, 2019
The biggest names in banking came to the Hill, repping seven of the largest financial firms in the United States. Ten years after the financial crisis, the rebound has been palpable,...

On Capitol Hill, Credit Bureau CEOs Say Reporting Changes Are In the Air

February 27, 2019
Lawmakers grilled the heads of Equifax, Experian and TransUnion, calling the credit reporting a “broken” system — and new legislation introduced this week has some far-reaching changes. In the meantime,...

Changes In Attitude, Changes In FinServ Regulatory Latitude

May 09, 2017
Last week was not a good week to be the CFPB or Dodd-Frank financial reforms. The House Financial Services Committee voted 34 to 26 to repeal and replace it with...

Quick Reads
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships

October 31, 2024
House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corp. (FDIC) responding to […]

HFSC to Hold Hearings on Decentralized Finance, ESG Standards

September 03, 2024
Subcommittees of the House Financial Services Committee (HFSC) will hold two hearings on Sept. 10, with one focused on decentralized finance and the other looking at environmental, social and governance...

US House Leaders Call on Regulators to Focus on AI Benefits

August 16, 2024
Leaders of the House Financial Services Committee (HFSC) called on the Treasury Department to focus on the potential benefits of artificial intelligence as the department considers how to regulate the...

House Republicans Slam CFPB’s Medical Bill Proposal

August 15, 2024
House Republicans are attacking a proposal that would remove medical bills from consumer credit reports. The Consumer Financial Protection Bureau (CFPB) issued its proposed rule in June, quickly drawing a...