Pat McHenry: “We adhered to the time-tested principle of same risk/same regulation, while modernizing our regulatory framework to…”

This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.

Housing affordability is clearly one, and that is a running theme from all three of the Members testifying today.

We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.

Jay Clayton is a fantastic leader and will bring credibility to the DNI job!