Wednesday’s (March 5) actions in Congress against two Consumer Financial Protection Bureau (CFPB) rules — one governing digital payments providers, the other focused on bank overdraft fees — open up a new front against the embattled agency. But the joint resolutions of disapproval, part of...
Congress will reportedly get more say in the federal spending cuts and layoffs being made by the Elon Musk-led Department of Government Efficiency (DOGE). Musk and Republican lawmakers are meeting twice Wednesday (March 5) on Capitol Hill, and some of these lawmakers have been saying...
It wasn’t quite a manic Monday this week. But don’t bet on that relative calm to continue. While the past week in Washington lacked the frenetic pace of recent months, the coming days could set the tone for financial regulation well into 2025. Three pivotal...
Digital asset legislation is needed in the U.S. to “unleash innovation” while protecting consumers and national security, two members of the House Financial Services Committee (HFSC) wrote in an op-ed posted Wednesday (Feb. 19) on the HFSC’s website. Reps. French Hill, R-Ark., who is chairman of the HFSC,...
February 24, 2025
It wasn’t quite a manic Monday this week. But don’t bet on that relative calm to continue. While the past week in Washington lacked the frenetic pace of recent months, the coming days could set the tone for financial regulation well into 2025. Three pivotal developments loom: a Senate hearing Thursday with prospective Consumer Financial […]
February 11, 2025
At a subcommittee hearing on the current state and future potential of digital assets, lawmakers and witnesses from the crypto and payments spheres — including PayPal — cautioned against a...
January 31, 2025
The shakeup on Capitol Hill — still ongoing, as the Trump administration settles in for its second round, as the new Congress has been seated — will extend to financial...
August 21, 2024
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain...
March 11, 2025
House Financial Services Committee Chairman French Hill, R-Arkansas, said Tuesday (March 11) that he supports the development of a federal framework for payment stablecoins and opposes the creation of a central bank digital currency (CBDC). In remarks prepared for delivery at a Tuesday hearing focused on these issues, Hill said he supports two bills recently […]
March 05, 2025
Congress will reportedly get more say in the federal spending cuts and layoffs being made by the Elon Musk-led Department of Government Efficiency (DOGE). Musk and Republican lawmakers are meeting...
February 20, 2025
Digital asset legislation is needed in the U.S. to “unleash innovation” while protecting consumers and national security, two members of the House Financial Services Committee (HFSC) wrote in an op-ed posted Wednesday (Feb....
February 19, 2025
Cryptocurrency exchange Coinbase is calling on lawmakers to establish regulations for the digital asset industry. “Blockchain technology and digital assets are reshaping the global economy, bringing opportunities for innovation, financial...
