Patrick McHenry actually said...

It is called 'regulation by enforcement' and it is a dangerous and destructive approach to supervision.

McHenry warns against the CFPB's enforcement methods, labeling them harmful.

03/06/2019

More Patrick McHenry Quotes

I applaud you and FDIC Chair McWilliams for your efforts to reform and modernize the Community Reinvestment Act.

So this is mainly a rewrite about technology and a dramatically changed footprint for banking?

That is not where their business is, though.

The Community Reinvestment Act was passed in 1977. When was the last time it was updated, that we had a major regulatory update to the CRA?