Capitol Hill news and trends

Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
Banking // May 14, 2024

Testimony from some of the top regulators in the country ahead of a Wednesday (May 15) Capitol Hill hearing on bank oversight took note of the resilience of the banking industry in the wake of the Silicon Valley Bank (SVB) collapse of last year. Get...

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

The Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating digital payments firms — especially larger players — critics charged at a Wednesday (March 13) House hearing. Get the Full Story Complete the form to unlock this article and enjoy...

CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
CFPB // March 07, 2024

The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would hurt innovation and banks’ customers in the long run. Get the Full Story Complete the...

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

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 to gauge and address the risks and rewards of financial innovation. Get the Full Story Complete the form to unlock...

Interviews & Exclusives
CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation

March 07, 2024
The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would hurt innovation and banks’ customers in the long run. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access […]

What Congress’ Proposed ‘Horizontal’ Block Could Mean For Big Tech And The Connected Economy

October 06, 2020
The growth of the connected economy is predicated on — and is propelling — the emergence of online platforms. Get the Full Story Complete the form to unlock this article...

Quick Reads
Capitol Hill Lawmakers Threaten to Probe GoFundMe After Trucker Fundraiser Shuttered

February 09, 2022
Citing potential violation of federal law by GoFundMe Inc., GOP lawmakers have called for an investigation into the crowdfunding platform’s decision to withdraw a page accepting donations in support of protesting truckdrivers in Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]

Mnuchin: GOP COVID-19 Stimulus Plan To Reach Capitol Hill Monday

July 26, 2020
A $1 trillion Republican version of a 4.0 COVID-19 stimulus bill is expected to be on Capitol Hill Monday (July 27). Get the Full Story Complete the form to unlock...

US Gov Reaches Historic $2T Deal On Coronavirus Stimulus Bill

March 25, 2020
Leaders in Washington reached an agreement Wednesday morning (March 25) on a $2 trillion bill to rescue the economy, the largest economic stimulus package in American history, according to multiple...

SoftBank Amplifies Capitol Hill Lobbying Efforts

March 12, 2020
Japanese conglomerate SoftBank is boosting its lobbying efforts in Washington, D.C. to work on issues that align with its portfolio investments, Bloomberg reported on Thursday (March 12).   Get the Full...