Senate

Senators Call for New Rules to Combat AI-Powered Scams
Senators Call for New Rules to Combat AI-Powered Scams
July 07, 2023  |  Fraud Prevention

Senators have called on regulators to protect consumers from artificial intelligence (AI)-powered scams. In a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra,...

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Senators Demand Answers From Venmo and Cash App on Fraud
Senators Demand Answers From Venmo and Cash App on Fraud
June 16, 2023  |  Security & Fraud

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren...

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OpenAI CEO: If AI Goes Wrong, ‘It Can Go Quite Wrong’
OpenAI CEO: If AI Goes Wrong, ‘It Can Go Quite Wrong’
May 16, 2023  |  artificial intelligence

The head of ChatGPT parent OpenAI is pleading with Congress to regulate his company’s technology. Testifying before a Senate subcommittee Tuesday (May 16), Sam Altman likened artificial intelligence’s...

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Senators Warn Regulators on Zelle Fraud Risks
Senators Warn Regulators on Zelle Fraud Risks
March 03, 2023  |  Bank Regulation

Five Senate Democrats are sending a warning on Early Warning Services’ Zelle. In a letter addressed to the Federal Reserve, the FDIC, the National Credit...

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Tweet It to Believe It: SBF Speaking at House Hearing
Tweet It to Believe It: SBF Speaking at House Hearing
December 09, 2022  |  Cryptocurrency

The one-time billionaire founder of failed Crypto exchange FTX, Sam Bankman-Fried, is heading to Washington. This, as the fallen king of crypto tweeted to Congresswoman and...

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Sen. Lummis: FTX Collapse Should Speed Consideration of Crypto Bill
Sen. Lummis: FTX Collapse Should Speed Consideration of Crypto Bill
November 28, 2022  |  Cryptocurrency

U.S. Sen. Cynthia Lummis said the fall of FTX should speed consideration of a bill on regulating cryptocurrencies. Lummis introduced the bill to the legislature...

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CFTC’s Behnam to Testify at Senate Committee on FTX
CFTC’s Behnam to Testify at Senate Committee on FTX
November 21, 2022  |  Cryptocurrency

The collapse of cryptocurrency exchange FTX will be the focus of a Dec. 1 hearing to be held by the U.S. Senate Committee on Agriculture,...

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Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
November 16, 2022  |  Cryptocurrency

The drumbeat for stablecoin regulation grows louder. But the questions — the what, when, and especially the how it all gets done — are still...

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Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
October 12, 2022  |  Credit Cards

A last-minute bipartisan effort to package a credit card swipe fee amendment into a larger spending bill was ultimately unsuccessful. Sen. Dick Durbin (D-Ill.) and...

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