Sections
Congress
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886EconomyUS Dems Push For Small Businesses, Hospitals First In Next Financial Aid
Top Democratic officials in the U.S. have a new list of demands for the next round of stimulus funds to fight the...
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3.9KCoronavirusPelosi Calls For More SMB Funding For COVID-19 Relief
Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business...
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6.2KCoronavirusTrump Signs $2T COVID-19 Stimulus Package
U.S. President Donald Trump signed a $2 trillion economic stimulus package in response to the coronavirus crisis on Friday (March 27), CNBC reported....
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1.3KCoronavirusSMBs’ Futures Uncertain As They Wait For Help
Small businesses are looking for good results from the House of Representatives’ vote on Friday (March 27) on a $2 trillion stimulus...
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1.3KCoronavirusPelosi Wants Another Round Of Stimulus For Citizens
U.S. House of Representatives Speaker Nancy Pelosi said that she wants Americans to get another payment in addition to the $2 trillion...
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13.5KLoansHouse Chairwoman Tells FDIC To Halt ILC Charters
Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services, wants to stop any new Industrial Loan Company (ILC) charters until...
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2.7KBank RegulationCongress Blasts Former Wells Fargo Bosses Over Resignations
The recent resignations of Wells Fargo board Chairman Elizabeth Duke and board member James Quigley drew criticism by Congress during the first...
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2.4KSafety and SecurityCongress Closes $8B Deal To Fight COVID-19
Congress reached a deal on Wednesday (March 4) for an $8.3 billion bipartisan emergency funding package to fight the Coronavirus, according to...
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2.6KCFPBWaters Tells CFPB Head To Do Better
The chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, told the head of the Consumer Financial Protection Bureau (CFPB),...
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3.1KLegalDOJ To Review Liability Law For Online Content Companies
The U.S. Department of Justice (DOJ) is organizing a workshop to review a federal law that predominantly releases websites from legal culpability...
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2.8KBitcoinBitcoin Daily: Gemini Creates Insurance Unit To Protect Against Crypto Theft; South Korea’s Bithumb Exchange To Fight Crypto Tax Bill
U.S. crypto firm Gemini has debuted an in-house insurer to cover its assets, according to a report Thursday (Jan. 16) by Reuters....
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2.4KSafety and SecurityCyberexperts Flag Danger Of Deepfakes At House Hearing
Researchers have reported concerns about the timely importance of addressing deep fakes and other types of digital deception amid the backdrop of...
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5.7KCredit UnionsWhat Grubhub, Uber Can Teach CUs About Loyalty And Rewards
Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit...
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2.7KRegulationLawmakers Question Airbnb On Non-Compliant Listings
Airbnb is facing questions from U.S. lawmakers who want information about hosts who go against the company’s policies and don’t comply with local...
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2.5KPoliticsHouse Committee Passes Bill To End Federal Marijuana Prohibition
The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a...
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2.3KBusinessBig Tech Firms Respond To Congressional Committee Questions
In response to questions from a congressional committee, Alphabet’s Google, Amazon.com, Apple, and Facebook defended their practices and declined to answer some questions. The tech firms have...
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3.1KAmazonAmazon Says It Uses Third-Party Seller Data To Boost Business
Amazon, in a newly released document by the U.S. House of Representatives Judiciary Committee, said it uses “aggregated data” from sellers who...
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3.1KB2B PaymentsHouse Committee Approves Ban On Controversial SMB Loan Tactic
The U.S. House Financial Services Committee has voted in favor of banning a controversial practice in small business lending, The Washington Post...
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3.2KeCommerceAntitrust Complaint Says Amazon Forces Merchants To Use Its Logistics Services
An online merchant has written a letter to Congress saying that the company was forced to use Amazon’s logistics services, as it...
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13.6KRegulationCongress Wants Digital Platforms To Release Their Algorithms – Why?
U.S. lawmakers proposed new legislation last week that would require internet platforms to more or less lay bare the intellectual property that...
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3.3KRegulationNew Laws To Require LLCs To Disclose Owners’ Names
Proposals in both chambers of Congress would limit the use of anonymous shell companies, impacting small businesses in the U.S. Last month,...
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2.7KFacebookZuckerberg Tells Congress That Libra Fills A Global Payments Void
It may be a bit ironic that the halls of Congress are known, colloquially, as the Hill. It’s an upward climb, after...
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3.0KANTITRUSTFTC: Big Tech’s Data Troves Give Them Unfair Advantage
The Federal Trade Commission (FTC) said the mass amounts of data collected by big technology companies, like Apple, Amazon, Facebook and Google,...
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3.0KCFPBCFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
Payday lending practices again came under fire Wednesday (Oct. 16) from members of the U.S. Congress, as Kathy Kraninger, director of the Consumer...
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1.9KRegulationFoursquare Head Wants Stricter Laws Around Location Data
The CEO of Foursquare, a location data company, wrote an op-ed piece in the New York Times Wednesday (Oct. 16), saying, “It’s...
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3.6KRidesharingCongress Calls Uber And Lyft To Ride-Hailing Hearing
The head of the U.S. House of Representatives Transportation and Infrastructure Committee wrote letters to the CEO’s of both Lyft and Uber...
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2.9KTravel PaymentsCongress Aims To Bring Transparency To Hotel Resort Fees
You have to give digital and mobile technology some credit — over time, the complexities of travel pricing and costs (along with other...
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4.6KANTITRUSTCongress Calls On Spotify To Name Apple Violations
As part of its continuing probe into potential antitrust practices that hamper competition, the U.S. House of Representatives Judiciary Committee has asked...
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2.6KANTITRUSTHouse To Grill Google, Amazon, Facebook On SMB Impact
Big tech companies Facebook, Google and Amazon are going to be the subject of a new congressional hearing, in addition to the...
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5.7KB2B PaymentsCongress Presses Fed On Real-Time Payments Plan
The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments...
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2.8KFacebookFacebook Negotiates Sandberg DC Hearing Testimony
With questions surrounding Facebook’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an...
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3.1KReportPEW: Most Americans Distrust Tech Leaders
Americans don’t trust members of Congress and are more likely to have confidence in journalists, police and the military, a Pew Research...
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2.5KANTITRUSTCongress Seeks Competition Info From Apple
The U.S. House Judiciary Committee is conducting an investigation into Apple over potential antitrust practices, and on Friday (Sep. 13) it requested...
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3.4KSecurity & FraudBig Tech CEOs Petition Congress For Data Privacy Law
An open letter to Congress asking for a consumer data privacy law was signed by 51 CEOs across tech and other industries,...
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4.4KRegulationUS Congress Discovers Alleged Flaws In Deutsche Bank Controls
U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that...
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4.3KCryptocurrencyUS Lawmakers Visit Switzerland To Talk Libra
During an upcoming visit to Switzerland, American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. A group of six lawmakers, led by...
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4.0KAmazonAmazon Accused Of Punishing Sellers With Better Offers On Walmart
Merchants who sell their products on both Amazon and Walmart are complaining about the pressure they’re getting from Amazon to raise their...
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7.4KCryptocurrencyRipple Defends Crypto To Congress In Open Letter
Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. The...
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3.3KB2B PaymentsSenators Move To Keep Export-Import Bank Alive
U.S. lawmakers submitted a bill to Congress Wednesday (July 24) in an effort to reauthorize the nation’s Export-Import Bank for the next...
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5.5KInternet of ThingsEven For Smart Sprinklers, Security Matters
The Internet of Things (IoT) continues to grow in popularity: A recent International Data Corporation (IDC) study projects there will be 41.6...
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3.9KRegulationLibra’s Long Week In Washington
While we cannot accurately say that the two days Facebook’s David Marcus were the worst two days a Facebook executive has ever...
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3.8KBitcoinBitcoin 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...
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2.7KCryptocurrencyMarcus: 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...
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4.8KRegulationLawmakers 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....
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2.8KLegalCannabis 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...
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3.4KCryptocurrencyFed 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...
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2.4KFacebookFed’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...
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3.0KCryptocurrencyFacebook’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...
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5.2KRegulationTrump 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...
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2.9KSecurity & 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...
