Sections
Congress
-
760BitcoinBitcoin Price Sinks On Libra Concerns
Lawmakers doubts over Facebook‘s planned cryptocurrency, Libra, is having a negative impact on bitcoin. The Wall Street Journal reported that bitcoin’s price...
-
1.3KCryptocurrencyMarcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead...
-
1.8KRegulationLawmakers Propose Bill To ‘Keep Big Tech Out Of Finance’
Just days before the Facebook Libra hearings, a draft bill to limit “Big Tech’s” entry into finance and crypto has surfaced online....
-
1.4KLegalCannabis Law Reform Gains Momentum In Congress
In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10...
-
2.0KCryptocurrencyFed Chairman Calls For Libra Freeze; Bitcoin Slumps
The chairman of the U.S. Federal Reserve called for a stop to Libra, Facebook’s proposed cryptocurrency, until the project better demonstrated how...
-
1.4KFacebookFed’s Powell Shares Libra Concerns With US Lawmakers
The Chairman of the Federal Reserve Jerome Powell spoke to a congressional committee on Wednesday (July 10) about the organization’s concerns with...
-
2.0KCryptocurrencyFacebook’s Marcus Defends Libra To House Financial Services Chair
The head of Facebook’s new cryptocurrency project, Libra, is defending the company in a letter to Rep. Maxine Waters (D-CA) and other...
-
3.7KRegulationTrump Pauses Addition Of New Tariffs On Chinese Products
The United States has removed certain restrictions on Huawei Technologies Co. The move comes as President Donald Trump and Chinese President Xi...
-
1.9KSecurity & FraudLawmakers Hit A Wall In Creating National Privacy Law
Efforts from lawmakers in the U.S. to come up with a national privacy law have hit a wall, with Senators unable to...
-
1.2KBiometricsAgency Says FBI’s Facial Recognition Tech Falls Short
The Government Accountability Office (GAO) and members of congress say the FBI’s use of facial recognition technology isn’t private or accurate enough,...
-
1.7KLegalCongress 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...
-
2.0KBankingDems 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...
-
3.3KBank 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...
-
2.3KB2B 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...
-
3.1KRegulationLawmakers 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...
-
4.5KBank 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...
-
5.7KBank 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...
-
3.5KPoliticsFinancial, 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...
-
3.7KBitcoinBitcoin 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...
-
4.3KRegulationCFPB 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...
-
4.1KBankingBanker’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...
-
4.8KCFPBCFPB 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...
-
6.2KSafety 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...
-
3.5KPayment 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...
-
4.5KFacebookFacebook 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...
-
4.3KSecurity & 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...
-
4.7KCryptocurrencyUS 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...
-
3.7KGoogleGoogle 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...
-
4.5KRegulationCongress 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...
-
8.2KRegulationChanges 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...
-
2.8KDataBig 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...
-
4.5KRegulationDigital 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...
-
3.7KRegulationBipartisan 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...
-
2.6KRegulationNewest 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...
-
4.7KBank 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...
-
3.4KSecurity & 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...
-
5.4KCFPBMulvaney 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...
-
3.8KFacebookEven 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...
-
5.5KAmazonFormer 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...
-
3.3KFacebookZuckerberg 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...
-
3.1KLegalCongress 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...
-
7.9KRegulation 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...
-
10.0KSecurity & 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...
-
7.0KFintech 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...
-
6.8KRegulationCongress 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...
-
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,...
-
4.8KCredit 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...
-
6.0KCFPBPayday 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...
-
4.3KB2B 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,...
-
4.6KRegulationLawmakers 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...
