Patrick McHenry

House revives effort to allow nontraditional data in credit scores


The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.


Senior House Republican proposes credit reporting changes


A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.


Despite outcry, Congress unlikely to block Facebook's crypto plan


Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.


House lawmakers square off over Facebook's crypto plans


Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.


Lawmakers unveil competing flood insurance bill


Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.


Financial Services Committee passes bills to reform credit reporting


Legislation backed by Democrats to reform the credit bureaus and allow consumers greater access to their information advanced without any Republican support.


Waters schedules hearings next month on Facebook, BB&T-SunTrust merger


House Financial Services Committee Chairwoman Maxine Waters wants to examine the merger of BB&T and SunTrust, as well as Facebook's cryptocurrency plans.


House poised to advance flood insurance reform, beneficial owner rules


Bills to fix the National Flood Insurance Program and combat the money-laundering risks from shell companies enjoyed bipartisan support during a House Financial Services Committee debate.


House passes bill to reverse CFPB policies under Trump administration


All Democrats supported the bill focused on the decisions of former acting CFPB Director Mick Mulvaney, while all Republicans opposed it.


Mnuchin vows probe of Deutsche Bank’s AML procedures


As Democrats keep the heat on the German bank over allegations that it suppressed reporting tied to Trump businesses, the Treasury secretary said he will direct the Financial Crimes Enforcement Network to look into the matter.