Congress

As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
December 06, 2023  |  Politics

The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments...

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Senate Grapples With AI’s Existential Threats Amid Industry’s Dueling Narratives
Senate Grapples With AI’s Existential Threats Amid Industry’s Dueling Narratives
December 06, 2023  |  artificial intelligence

There’s a simple binary that many in advertising use to promote brands: fear vs. hope. Home security systems and health insurance providers, for example, are...

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On Capitol Hill, Regulators Say AI Illustrates Financial Innovation’s Rewards and Risks
On Capitol Hill, Regulators Say AI Illustrates Financial Innovation’s Rewards and Risks
December 05, 2023  |  Innovation

A half dozen regulators convened on Capitol Hill Tuesday (Dec. 5), pointing to the benefits of collaboration between government, the private sector and the public...

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Bank Execs Expected to Push Back Against Capital Hikes
Bank Execs Expected to Push Back Against Capital Hikes
December 04, 2023  |  Bank Regulation

Bank CEOs are set to appear before the Senate Banking Committee to protest new regulations and capital hikes, arguing that these measures will harm the...

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Why Retailers Don’t Want Consumers to Get an Extra Hour of Sleep
Why Retailers Don’t Want Consumers to Get an Extra Hour of Sleep
November 04, 2023  |  Retail

On Sunday (Nov. 5), most U.S. states will “fall back” an hour, giving people an extra wink of sleep. While the states that embrace this time...

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California Bans Junk Fees, Anticipating Federal Efforts
California Bans Junk Fees, Anticipating Federal Efforts
October 09, 2023  |  Legal

California will ban junk fees beginning July 1, after the state’s governor signed a bill into law on Saturday (Oct. 7).  This move comes in...

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The US Has Passed Zero Crypto Legislation Since FTX Collapsed
The US Has Passed Zero Crypto Legislation Since FTX Collapsed
September 28, 2023  |  Cryptocurrency

In terms of the cryptocurrency industry, the U.S. legislative landscape has been remarkedly static. In the almost 11 months since the former face of crypto,...

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Mastercard Tells Congress Credit Card Competition Act Is Bad for Consumers, Businesses
Mastercard Tells Congress Credit Card Competition Act Is Bad for Consumers, Businesses
September 22, 2023  |  Credit Cards

Mastercard has written a letter to several members of the United States Congress, outlining its opposition to the Credit Card Competition Act.  The legislation would “remove consumer...

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Hill Hearing Debates Innovation and Credit Access Threat Due to Banking Regulation ‘Overreach’
Hill Hearing Debates Innovation and Credit Access Threat Due to Banking Regulation ‘Overreach’
September 20, 2023  |  Bank Regulation

Change looms in the banking sector as various agencies have put forth proposals that would, among other things, raise capital requirements, mandate that banks with...

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