Sections
Congress
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912LegalCongress Supports Facial Recognition Regulation
Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday...
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1.3KBankingDems Want Bank Execs To Testify Before Congress Each Year
Democrats would like to see bank executives get grilled by Congress on an annual basis. After Wall Street leaders spent hours answering...
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2.4KBank RegulationNew Allies Aim To Solve Cannabis Payments Problem
It really wasn’t supposed to be this way, not as cannabis steadily became legal across the United States. Read the old pro-legalization...
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2.0KB2B PaymentsEasing Chapter 11 Pain For Small Businesses
U.S. lawmakers continue to press for more affordable bankruptcy for small businesses, with Congress reintroducing the Small Business Reorganization Act earlier this...
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2.7KRegulationLawmakers Seek New Regs Aimed At Tech Algo Biases
U.S. lawmakers have proposed a bill that would make tech companies detect and remove any discriminatory biases found in their technologies. The...
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4.3KBank RegulationBank CEOs To Assure Congress The Financial System Is Stronger Now
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations...
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5.3KBank RegulationCannabis Banking Bill Gains Steam in US House
A bill that could bring clarity to payments for legal cannabis purchases in the U.S. was set for an important vote this...
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3.4KPoliticsFinancial, Regular Firms Want Banks To Work With Pot Companies
Financial firms, fertilizer, beverage, and other mainstream companies are calling on Congress to enable pot companies to have access to banks. According...
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3.6KBitcoinBitcoin Daily: Bitcoin Lightning Payments Come To Retail; Rep. McCarthy Eyes Blockchain For Gov’t Efficiency, Transparency
A beer vending machine that accepts cryptocurrency payment is now available for preorder. Decentralized identity startup Civic debuted a $15,000 machine that...
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4.1KRegulationCFPB Head Faces Privacy Questions From Senate
The Consumer Financial Protection Bureau’s privacy practices came under scrutiny Tuesday (March 12) during a U.S. Senate hearing, further proof that issues...
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3.8KBankingBanker’s ‘Half Dozen’ To Testify Before Congress This Spring
Call it a reunion of sorts, a gathering of banking execs not seen since the less-than-heady days of the financial crisis a...
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4.1KCFPBCFPB Asks Congress For Authority To Oversee Military Lending Act Compliance
The Consumer Financial Protection Bureau (CFPB) has asked the United States Congress for the authority to supervise compliance of the Military Lending...
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6.0KSafety and SecurityUS Senators Propose New Office To Combat Tech Theft
To contend with technology threats from China, two U.S. senators brought forward a bill that would make an office in the White...
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3.3KPayment MethodsUS Gov’t Offers Furloughed Workers Form Letters For Creditors
The agency that handles the federal workforce suggested that furloughed workers affected financially by the government shutdown could offer to pay only...
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4.3KFacebookFacebook Breaches Stoke Calls For New Regs
The Facebook Cambridge Analytica breach and the knowledge that the company was selling private information to companies might mean that Congress will...
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4.1KSecurity & FraudGoogle CEO Denies Data Privacy Breach, Bias
U.S. Congress grilled Google Chief Executive Officer Sundar Pichai on Tuesday (Dec. 11) about how the company approaches privacy and whether it...
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4.5KCryptocurrencyUS Reps Call For Crypto Regulation Research
To help further use of digital currency and head off price manipulation, two U.S. representatives have proposed bipartisan bills in Congress. Republican...
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3.6KGoogleGoogle CEO To Face Congress Over Data Privacy
Sundar Pichai, Google’s chief executive is preparing to testify before the U.S. Congress next week in what is expected to be a...
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4.2KRegulationCongress Writes Second Letter To Amazon About Rekognition
Eight members of Congress wrote a letter to Amazon CEO Jeff Bezos on Thursday, reiterating its concerns about the tech giant’s facial...
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8.1KRegulationChanges Coming To House Financial Services Committee Under New Congress
Democratic Rep. Maxine Waters reportedly wants the House Financial Services Committee to go in a new direction if she leads it, which...
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2.7KDataBig Tech Backs Idea Of New Data Privacy Laws
Big Tech companies Amazon, Apple, AT&T, Charter, Google, and Twitter have backed the idea that there is a need for new federal...
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4.4KRegulationDigital Privacy, Security Issues Take Spotlight At Congressional Hearings
Top executives from Twitter and Facebook sought to reassure U.S. lawmakers on Wednesday (Sept. 5) that they can better protect users from...
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3.6KRegulationBipartisan Policy Center Report Urges Small Business Financial Reforms
A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of...
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2.4KRegulationNewest Version Of JOBS Act Wins Approval In The US House
Raising capital could become easier for businesses, especially smaller firms, under legislation that easily made it through the U.S. House of Representatives...
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4.5KBank RegulationBank-Friendly OCC Head To Testify Before Congress
The White House’s move to appoint Joseph Otting as the Comptroller of the Currency in November underscores the changing relationship between the...
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3.3KSecurity & FraudEquifax Gives Congress More Breach Data Information
Equifax, the embattled credit scoring company that was the subject of a massive data breach last fall, provided several congressional committees in...
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5.3KCFPBMulvaney Pitches New CFPB Governance To Congress
In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection...
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3.7KFacebookEven Mark Zuckerberg’s Data Ended Up With Cambridge Analytica
Facing his second congressional hearing in Washington this afternoon (April 11), CEO Mark Zuckerberg told lawmakers that he was among the 87...
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5.4KAmazonFormer Walmart CEO Criticizes Amazon And Suggests It Be Split Up
Donald Trump isn’t the only one who has issues with Amazon. The former CEO of Walmart has criticized the eCommerce giant and...
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3.2KFacebookZuckerberg To Testify Before Congress
Facebook Chief Executive Mark Zuckerberg, facing repeated calls to testify before Congress over the Cambridge Analytica user data scandal, has decided to...
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3.0KLegalCongress Receives Petition To Make Cannabis Banking Legal
Congress has a new petition to review: This one is from a bipartisan group of 18 attorneys general from states that have...
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7.8KRegulation RoundupPeering Into The Beginnings Of 2018’s Regulatory Environs
Across the regulatory landscape, it is not just where you’ve been, where the rules are in place, but where the rules are...
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9.8KSecurity & FraudBank, Tech Groups Lobby For Federal Oversight Of Data Breaches
A group of financial, retail and technology trade associations are calling on the federal government to oversee data breaches. According to a...
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6.9KFintech InvestmentsCongress To Turn Up Heat On FinTech Regulation In 2018
A Democrat has some serious advice for Congress when it comes to FinTech. “If we fail to act on FinTech, we are...
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6.7KRegulationCongress Out To Reform AML Regs
The Senate Banking Committee’s first hearing of 2018 shows that Congress is interested in reforming illegal financing and money laundering regulations this...
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3.5KSecurity & FraudSenators Urge Halt On Airport Face ID Program
Two U.S. senators urged federal authorities to stop the planned expansion of a $1 billion airport facial scanning program. According to Reuters,...
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4.7KCredit UnionsLegislation Would Let More Credit Unions Serve The Underserved
A bill introduced in Congress last week would allow credit unions – regardless of charter – to boost their membership efforts and...
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5.9KCFPBPayday Lending And The New CFPB
The Consumer Financial Protection Bureau and payday loans have had a wild ride over the last 24 months. After a contentious rulemaking process, an even...
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4.2KB2B PaymentsSMBs Tell Congress To Loosen Community Bank Lending Regs
Small businesses (SMBs) are urging Congress to ease legislative burdens on banks they say have limited FIs’ ability to lend to SMBs,...
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4.5KRegulationLawmakers Reach Deal To Loosen Dodd-Frank For Regional Banks
A bipartisan group of U.S. senators has agreed to lift some of the financial regulations placed on regional banks following the 2008...
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3.5KB2B PaymentsGOP’s Corporate Tax Break May Be Phased Out After A Decade, Source Says
The GOP released its tax plan Thursday (Nov. 2), offering a glimpse into its Tax Cuts and Jobs Act that includes plans...
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8.6KCFPBPresident Trump Seals The Arbitration Deal
The White House announced that President Donald Trump signed a Congressional resolution allowing banks to block customers from filing class-action lawsuits. According...
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5.1KBank RegulationBanking Trade Group Doesn’t Want Square To Be A Bank
The Independent Community Bankers of America (ICBA), the trade group for community banks, is calling on the Federal Deposit Insurance Corporation (FDIC)...
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3.8KLegalEven Mr. Monopoly Can’t Save Equifax CEO
And so, the stately marbled floors of Congress resounded with the footfalls of the Monopoly money guy. You know, top hat and...
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5.9KPrepaidWhat Prepaid Card Rules Did On Their Summer Vacation
Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Last week, the Credit Union...
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5.7KMerchant InnovationNipton, Calif., Goes To Pot, Literally
In real estate and in retail, location is everything. Malls operated on that theory for years: Put a few anchor stores in...
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21.6KB2B PaymentsSmall Biz Hiring Stalls
The tides are turning for small businesses in the U.S. After a spout of optimism, the latest data find a downturn in...
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3.3KEconomyGDP Growth Rebounds in 2Q, Consumer Spending Up
Looks like the United States economy may be picking up steam. Numbers from the Commerce Department on Friday showed that gross domestic...
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3.9KBank RegulationWill Big Banks Get a Bottom Line Boost on Deregulation?
Banks’ bottom lines may get a boost from deregulation from Capitol Hill. Barron’s noted this past weekend that a spate of proposals...
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4.1KAmazon AcquisitionsUS Lawmaker Calls For Hearings On Amazon’s Whole Foods Bid
Amazon is facing calls from a U.S. lawmaker for Congressional hearings on its $13.7 billion bid for grocery store chain Whole Foods...
