One Year After SVB, McHenry Says Bank Regulators Still Have Big Holes in Oversight

Also, banks plot legal strategy for overturning CFPB's credit card late fee rule; Uyeda warns SEC likely to face backlash for exceeding its authority on so many regulations

House Financial Services Chairman Patrick McHenry offered up a pretty blunt assessment of the regulatory landscape a year after the Silicon Valley Bank collapse. He highlighted (as he usually does) the many supervisory missteps, but also threw cold water on the prospects for overhauling deposit insurance. And the North Carolina Republican notably blaste…