More on Financial Services Committee

Apr 17, 2018

Lynch Requests Hearings on Reports that Trump Campaign Chairman Offered Top Administration Job to Banker Who Loaned Him Millions in Return

Today, Rep. Stephen F. Lynch and Rep. Maxine Waters, the Ranking Member of the House Financial Services Committee, sent a letter to Rep. Jeb Hensarling, Chairman of the Financial Services Committee, and Rep. Steve Pearce, Chairman of the Terrorism and Illicit Finance Subcommittee, requesting the Committee and Subcommittee hold hearings to examine an alleged quid pro quo arrangement between Trump campaign chairman Paul Manafort and banker Stephen Calk.

Apr 11, 2018

‘I have not burned the place down’: Trump appointee defends his leadership of consumer watchdog

Mick Mulvaney defended his leadership of the Consumer Financial Protection Bureau — an agency he once called a “joke” — in front of a House committee Wednesday, dismissing criticism from Democratic lawmakers that he was weakening the watchdog agency. “You were clearly one of the people who was most hostile to the creation and operation of the Consumer Financial Protection Bureau,” said Rep. Stephen F. Lynch (D-Mass.). “It shouldn’t come as a surprise that many on our side of aisle … would see you sort of as the fox in the henhouse."

Feb 27, 2018

Federal Reserve Chair Jerome Powell answers questions from House Financial Services Committee

In front of the House Financial Services Committee, Federal Reserve Chair Jerome Powell answers questions from Committee Chair Rep. Jeb Hensarling (R-Texas) and Rep. Stephen Lynch (D-Mass.), about IOER interest rates, and growing popularity of exchange-traded funds.

Sep 8, 2017

Congressman Lynch Moves to Strengthen the Department of Treasury’s Office of Technical Assistance

On September 7, 2017, Congressman Stephen F. Lynch's amendment to strengthen the Department of the Treasury's Office of Technical Assistance (OTA) was accepted to H.R. 3354-Department of the Interior, Environment, and Related Agencies Appropriations Act, 2018.

Oct 18, 2016

Mass. treasurer will remove Wells Fargo from list of approved debt underwriters

Massachusetts Treasurer Deborah Goldberg said Wells Fargo will be banned from handling the state’s main bond issues for one year, after Congressman Lynch asked her to cut off business with the troubled banking giant.

Oct 17, 2016

Lynch Leads Letter Calling for Massachusetts to End Business Dealings with Wells Fargo

Congressman Lynch and members of the Massachusetts Congressional delegation sent a letter to Massachusetts Treasurer Deborah Goldberg calling for the Commonwealth of Massachusetts to end any business arrangements with Wells Fargo.

Oct 17, 2016

Massachusetts should end any business arrangements with Wells Fargo, Congressmen James McGovern and Stephen Lynch say

In a letter to state Treasurer Deb Goldberg, a fellow Democrat, Congressman Stephen Lynch and Congressman Michael Capuano, who both represent the Boston area, joined Congresswoman Katherine Clark of Melrose and Congressman James McGovern of Worcester in calling for the end to business arrangements with Wells Fargo.

Sep 28, 2016

Lawmakers press Fed chief Janet Yellen to punish Wells Fargo for fake accounts scandal

Rep. Lynch criticized the recent $185-million settlement with Wells Fargo that ended investigations into the scandal by Los Angeles City Atty. Mike Feuer, the U.S. Office of the Comptroller of the Currency and the U.S. Consumer Financial Protection Bureau because the bank did not admit any wrongdoing.

Nov 18, 2015

Lynch tries to ease regulatory burdens for local banks

One Massachusetts congressman played a key role in enacting a new set of strict standards for banks after the Great Recession. Now, another Massachusetts congressman is hoping to undo some of those reforms — for the right banks, at least.