The House Financial Services Committee announced that Rep. Andy Barr (KY-06), chairman of the Financial Institutions and Monetary Policy Subcommittee, and Rep. Bill Huizenga (MI-04), chairman of the Oversight and Investigations Subcommittee, are demanding that Martin Gruenberg, Federal Deposit Insurance Corporation (FDIC) chair, recuse himself from the Committee on Financial Services’ independent investigation into alleged sexual harassment, misogyny and other misconduct at the agency.

According to a letter sent to the SEC Chair and the President of FINRA, the House Financial Services Committee raised concerns over the approval of Prometheum Ember Capital LLC, questioning the process and highlighting national security issues.

PayPal, the online payment giant, takes a significant step into the world of digital currencies with the launch of PayPal USD, a U.S. dollar-denominated stablecoin, aiming to enhance digital payment experiences.

A group of U.S. lawmakers, led by French Hill (AR-02), introduced the Financial Innovation and Technology for the 21st Century Act (H.R. 4763). The bill aims to establish a specialized market structure framework for digital assets, fostering innovation while ensuring regulatory clarity.

The House Financial Services Subcommittee on Financial Institutions and Monetary Policy on July 20 conducted the hearing "Climate-Risk: Are Financial Regulators Politically Independent?" Republican legislators introduced four bills intended to limit federal regulators' ability to connect climate change to financial security.

Vice Chair Monica De La Cruz (TX-15) condemns ESG mandates as a tool of cancel culture and market distortion during a heated hearing on insurance and housing costs.

Last week, Patrick McHenry issued a report criticizing "Bidenomics" for causing soaring inflation due to reckless spending and excessive regulation.

Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee (FSC), introduced two bills last month in response to FinCEN's recent rules update on reporting provisions of beneficial ownership information.

Patrick McHenry, chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Janet Yellen, chair of the Financial Stability Oversight Council (FSOC), in which McHenry invited Yellen to reconsider the FSOC’s decision to shift the focus from activities to size.

The U.S. House of Representatives recently passed the Limit, Save, Grow Act and is calling on President Joe Biden to proceed with the measure.

U.S. Rep. Patrick McHenry (R-NC), chair of the Fnancial Services Committee, gave opening remarks at the committee began markup of capital formation and Consumer Financial Protection Bureau (CFPB) reform legislation, according to a news release.