Financial infrastructure rarely becomes visible until it breaks. At Wednesday’s (May 20) House Financial Services Committee hearing on bank-FinTech partnerships, lawmakers, banking and FinTech executives explored a question that has become increasingly urgent as financial services move into API connections, as embedded banking models and...
A bill that would reduce small lenders’ reporting requirements was one of four bills the House Financial Services Committee advanced to the House of Representatives on Tuesday (April 21). The Small Lenders Exempt from New Data and Excessive Reporting Act (Small LENDER Act; H.R. 941),...
House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury. In a hearing held on Wednesday (March 18), the House Financial Services Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity examined the Treasury-Fed Accord, a 1951 agreement designed to separate...
The House Financial Services Committee convened Wednesday (Feb. 4) for a marathon session on financial sector stability lasting roughly five hours, characterized by sharp ideological divides and procedural maneuvering. And while the hearing was ostensibly organized to review the Financial Stability Oversight Council’s (FSOC) latest...
May 20, 2026
Financial infrastructure rarely becomes visible until it breaks. At Wednesday’s (May 20) House Financial Services Committee hearing on bank-FinTech partnerships, lawmakers, banking and FinTech executives explored a question that has become increasingly urgent as financial services move into API connections, as embedded banking models and artificial intelligence-driven operations become ever-more-commonplace: How do banks modernize without […]
February 04, 2026
The House Financial Services Committee convened Wednesday (Feb. 4) for a marathon session on financial sector stability lasting roughly five hours, characterized by sharp ideological divides and procedural maneuvering. And...
September 18, 2025
Fraudsters, aided by advanced technologies, pose a pervasive and escalating threat to the financial system, financial services and risk experts told lawmakers on Capitol Hill Thursday (Sept. 18). A House...
June 24, 2025
Federal Reserve Chair Jerome Powell told Congress on Tuesday (June 24) that higher tariffs will likely lead to higher prices down the line – though when, and how much of,...
July 22, 2026
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. The report, issued by the House Financial Services Committee Wednesday (July 22), says that Americans reported $15.9 billion fraud/scam losses in 2025. That’s up 28% from the prior year and 1,800% since 1997, when the Federal Trade Commission (FTC) began tracking the issue. […]
April 22, 2026
A bill that would reduce small lenders’ reporting requirements was one of four bills the House Financial Services Committee advanced to the House of Representatives on Tuesday (April 21). The...
March 19, 2026
House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury. In a hearing held on Wednesday (March 18), the House Financial Services Committee’s Task Force on Monetary Policy, Treasury...
December 10, 2025
Artificial intelligence (AI) has moved rapidly into every corner of the economy. Financial services is a flash point over whether AI will strengthen or destabilize markets, as illustrated at a...
