Senate

Repeal of Credit Card Late Fee Cap Has Winding Path Ahead on the Hill  
Repeal of Credit Card Late Fee Cap Has Winding Path Ahead on the Hill  
April 18, 2024  |  Credit Cards

Out of committee…and now the path is a winding one for the proposed repeal of the Consumer Financial Protection Bureau’s (CFPB) rule that would cap credit...

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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. The legislation, announced Wednesday (April 17) by Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) would...

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GOP Pushes to Ban CBDCs Over Privacy Concerns
GOP Pushes to Ban CBDCs Over Privacy Concerns
February 27, 2024  |  CBDC

Five Senate Republicans have introduced legislation that would block the digital dollar. The “CBDC Anti-Surveillance State Act,” announced Monday (Feb. 26), would prevent the Federal...

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JPMorgan’s Dimon Tells Senate He Would Shut Down Crypto Industry
JPMorgan’s Dimon Tells Senate He Would Shut Down Crypto Industry
December 06, 2023  |  Cryptocurrency

Jamie Dimon, the CEO of JPMorgan Chase & Co., has again expressed his strong opposition to the cryptocurrency industry.  During a Senate Banking Committee hearing on Wednesday (Dec. 6),...

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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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This Week in AI: Politics, Policies and Payments
This Week in AI: Politics, Policies and Payments
October 27, 2023  |  artificial intelligence

As another week has gone by, generative artificial intelligence (AI) continues to work its way further and further into daily life. The only problem, from...

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This Week in AI: Big Tech Comes to Capitol Hill, Arm Goes Public
This Week in AI: Big Tech Comes to Capitol Hill, Arm Goes Public
September 15, 2023  |  artificial intelligence

Another week, another growth spurt for the artificial intelligence (AI) sector. The U.S. Senate returned from its summer recess primed to tackle AI legislation with...

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What Big Tech Said in Closed-Door Senate Forum on AI
What Big Tech Said in Closed-Door Senate Forum on AI
September 15, 2023  |  artificial intelligence

It was a big week for artificial intelligence (AI) in Washington. This, as U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) hosted a closed-door knowledge sharing forum Wednesday...

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US Eyes AI Regulations that Tempers Rules and Innovation
US Eyes AI Regulations that Tempers Rules and Innovation
September 15, 2023  |  artificial intelligence

The world’s moving on artificial intelligence (AI), and it’s because AI already moved the world. But the story is nothing new: governments are often, and...

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