Tag Archives: Patrick McHenry

House GOP Scraps Consumer Protection Panels in ‘First of Many Gifts’ to Wall Street

Republican Chair Patrick McHenry “wasted no time seeking payback on behalf of his biggest donors by scrapping key subcommittees dedicated to consumer protection and preventing industry discrimination,” said Accountable.US.

By Julia Conley  Published 113-2023 by Common Dreams

Rep. Patrick McHenry (R-N.C.) speaks at the Brookings Institute in 2017. Photo: Brookings Institution/flickr/CC

The U.S. committee tasked with overseeing the financial sector on Thursday “dispelled any doubt of their intent to do the bidding of the financial industries over the interests of everyday families,” said a government watchdog group as the panel signaled it will significantly scale back its efforts to push for consumer protections on Wall Street.

House Financial Services Committee (HFSC) Chair Patrick McHenry (R-N.C.) announced the new Republican subcommittee chairmanships, with new panels including the Subcommittee on Financial Institutions and Monetary Policy—tasked with overseeing the Consumer Financial Protection Bureau (CFPB)—and the Subcommittee on Digital Assets, Financial Technology, and Inclusion, headed by pro-cryptocurrency Rep. French Hill (R-Ark.). Continue reading

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‘A Devastating Failure’: Eviction Ban Expires as House Goes on Vacation and Biden Refuses to Act

“We’re now in an eviction emergency,” said Rep. Cori Bush. “Eleven million are now at risk of losing their homes at any moment. The House needs to reconvene and put an end to this crisis.”

By Jake Johnson, staff writer for Common Dreams. Published 8-1-2021

Capitol police tell a group it’s “prohibited to sleep on the ground” as they protest the end of the eviction moratorium. Photo: Alia Fierro/Twitter

A nationwide eviction moratorium officially expired Saturday after the Biden administration refused to extend it unilaterally and Congress failed to act in time, putting millions of people across the U.S. at risk of losing their homes in the near future as the highly virulent Delta strain tears through the country.

The CDC’s temporary eviction ban lapsed as a growing group of lawmakers and activists rallied on the steps of the U.S. Capitol to demand that Democratic leaders immediately reconvene the House and pass an extension. Many lawmakers skipped town Friday after the House adjourned for its seven-week August recess without holding a vote on prolonging the moratorium, which—while flawed—significantly curbed the number eviction filings nationwide. Continue reading

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