Congress

House GOP Targets Shadow Bank Regulations

House GOP Targets Shadow Bank Regulations
House GOP Targets Shadow Bank Regulations
April 18, 2024  |  Regulation

A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Get the Full Story Complete the form to unlock this article...

READ MORE >
Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
April 17, 2024  |  Cryptocurrency

Two U.S. lawmakers have introduced legislation to govern the use of stablecoins. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Treasury Asks Congress for Stronger Crypto Sanction Powers
Treasury Asks Congress for Stronger Crypto Sanction Powers
April 09, 2024  |  Cryptocurrency

The U.S. Treasury Department wants more tools to curb terror financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
HFSC Chairman Patrick McHenry Calls for Transparency in Financial Regulation
HFSC Chairman Patrick McHenry Calls for Transparency in Financial Regulation
March 21, 2024  |  Regulation

House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) said Thursday (March 21) that the Basel III Endgame proposal and other projects threaten to give global governance...

READ MORE >
California Forges Ahead With AI Rules as Federal Regulations Lag Behind
California Forges Ahead With AI Rules as Federal Regulations Lag Behind
March 15, 2024  |  artificial intelligence

California’s recent vote to regulate artificial intelligence (AI) and personal data use by businesses underscores growing concern over the risks posed by these technologies in...

READ MORE >
Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
March 13, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating digital payments firms — especially larger players — critics charged...

READ MORE >
Fed’s Jerome Powell Says ‘Nowhere Near’ Moving Forward With CBDC
Fed’s Jerome Powell Says ‘Nowhere Near’ Moving Forward With CBDC
March 07, 2024  |  CBDC

In testimony before Congress, Federal Reserve Chairman Jerome Powell said that the idea of the United States adopting a central bank digital currency (CBDC) is far from being...

READ MORE >
Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
February 02, 2024  |  Innovation

Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial...

READ MORE >
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024  |  CFPB

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to...

READ MORE >