House Financial Services Chair Warns Against Quick Regulatory Fixes For Banking Crisis

U.S. Rep.-elect Patrick McHenry (R-N.C.) delivers remarks in the House Chamber during the fourth day of voting for Speaker of the House at the U.S. Capitol Building in Washington, DC, on Jan. 6, 2023. Chip Somodevilla/Getty Images

The House Financial Services Committee Chairman Patrick McHenry (R-N.C.), warned against quick regulatory fixes for the banking crisis.

The congressman from North Carolina told the American Bankers Association Washington Summit on March 22, we “cannot legislate confidence” when it comes to the banking sector.