The U.S. Senate voted Thursday (March 27) to repeal the Consumer Financial Protection Bureau’s final rule capping overdraft fees. By a 52-48 vote, the Senate passed the joint resolution introduced by Senate Banking Committee Chairman Tim Scott of South Carolina, according to a roll call...
Utah Gov. Spencer J. Cox signed an earned wage access bill Wednesday (March 26), according to a press release issued by his office. The bill, the Earned Wage Access Services Act (H.B. 279), enacts provisions related to earned wage access services, including provider registration and...
White House efforts to cut spending on a low-income lending program, the Community Development Financial Institutions Fund (CDFI Fund), are reportedly encountering opposition. Bankers, industry executives, lawmakers and Treasury Secretary Scott Bessent have expressed support for preserving the CDFI, though Bessent said the Treasury Department will review the...
Google, OpenAI, Andreessen Horowitz and a group of 400 entertainment industry celebrities were among those who submitted 8,755 comments on a request for ideas for a U.S. AI Action Plan. The comment period for the plan ended Saturday (March 15), and according to a White...
April 08, 2025
Crypto’s biggest success story, after a litany of industry failures, has been stablecoins. The asset-pegged digital tokens, designed to maintain their stability and facilitate non-volatile financial applications across blockchains, have to-date grown so much that there exist around $234 billion in circulation. But while the top 10 stablecoins by market share, representing well over 90% […]
February 10, 2025
In anticipation of a congressional hearing Tuesday (Feb. 11) on regulating digital assets, Rep. Maxine Waters of California introduced a bill that would establish a comprehensive regulatory framework for payment...
January 29, 2025
A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other interchange fees to cover the...
September 25, 2024
As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry...
March 27, 2025
The U.S. Senate voted Thursday (March 27) to repeal the Consumer Financial Protection Bureau’s final rule capping overdraft fees. By a 52-48 vote, the Senate passed the joint resolution introduced by Senate Banking Committee Chairman Tim Scott of South Carolina, according to a roll call vote page on the Senate’s website. With one exception, the […]
March 26, 2025
Utah Gov. Spencer J. Cox signed an earned wage access bill Wednesday (March 26), according to a press release issued by his office. The bill, the Earned Wage Access Services...
March 20, 2025
White House efforts to cut spending on a low-income lending program, the Community Development Financial Institutions Fund (CDFI Fund), are reportedly encountering opposition. Bankers, industry executives, lawmakers and Treasury Secretary Scott Bessent have...
March 19, 2025
The Security and Exchange Commission’s (SEC) case against Ripple has concluded, according to that company’s CEO. In a post Wednesday (March 19) on X, Brad Garlinghouse wrote that the commission...
