Patrick McHenry

French Hill to Chair House Finance Committee; Promises ‘Common-Sense Economic Policies’
French Hill to Chair House Finance Committee; Promises ‘Common-Sense Economic Policies’
December 12, 2024  |  Politics

U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House...

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Congress Eyes Regulating AI as Finance and Healthcare Sectors Struggle With Adoption
Congress Eyes Regulating AI as Finance and Healthcare Sectors Struggle With Adoption
December 04, 2024  |  artificial intelligence

European financial firms lag in artificial intelligence (AI) adoption just as U.S. lawmakers move to boost AI oversight in banking and healthcare, with a new...

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House Committee Leaders Want Study of AI’s Impact on Financial Services
House Committee Leaders Want Study of AI’s Impact on Financial Services
December 02, 2024  |  artificial intelligence

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...

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McHenry: Banking Regulators Stuck ‘Fighting the Last War’
McHenry: Banking Regulators Stuck ‘Fighting the Last War’
November 20, 2024  |  Bank Regulation

By this time next year, America’s banking regulators will likely have new leadership. At a hearing Wednesday (Nov. 20) Rep. Patrick McHenry took the outgoing...

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

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...

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

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...

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HFSC Chairman McHenry: US Must Remain Leader in AI Development
HFSC Chairman McHenry: US Must Remain Leader in AI Development
July 23, 2024  |  artificial intelligence

The financial services industry may serve as a proving ground for the regulation of artificial intelligence (AI), House Financial Services Committee Chairman Patrick McHenry, R-N.C.,...

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McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024  |  CFPB

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying...

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US House Passes Bill Requiring Congressional Authorization for CBDC
US House Passes Bill Requiring Congressional Authorization for CBDC
May 24, 2024  |  CBDC

The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit...

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