New York City businesses could face an expansion of private litigation over unfair, deceptive and abusive practices under proposed legislation that would reach beyond financial services. The POWER Act, short for People and Organizations Winning Economic Relief, would create a broad private right of action...
Pressure on Congress to address artificial intelligence is exposing a weakness in its ability to respond. Many lawmakers lack the technical knowledge and specialized staff needed to evaluate the technology, scrutinize industry claims and translate concerns into workable legislation. The problem compounds Congress’ slow legislative...
President Donald Trump continues to urge Congress to pass the Credit Card Competition Act, a bill that would require any card issued by major banks to support at least two card networks, the Wall Street Journal reported Thursday (Oct. 8). Merchant lobbyists who support the bill have...
Banks and other consumer lending institutions are finding it easier these days to score a passing grade from Consumer Financial Protection Bureau (CFPB) examiners amid an ongoing battle over the agency’s funding and structure. According to Reuters, more than half the institutions examined earlier this...
October 09, 2026
Banks and other consumer lending institutions are finding it easier these days to score a passing grade from Consumer Financial Protection Bureau (CFPB) examiners amid an ongoing battle over the agency’s funding and structure. According to Reuters, more than half the institutions examined earlier this year went through an “expedited review,” which means supervisors identified […]
September 15, 2026
Crypto spent years begging Washington for clear rules. On Tuesday (Sept. 15), Washington blinked. The Senate failed to advance the Digital Asset Market Clarity Act, dealing a major setback to...
September 14, 2026
The cryptocurrency sector has for years called for regulatory clarity around digital asset markets in the U.S. The resulting piece of legislation, the Clarity Act, however, has morphed into something...
September 07, 2026
Washington just sped up the clock on crypto regulation. And it could make the prospect of getting anything signed into law this year a ticking time bomb. House Republican leaders...
October 09, 2026
President Donald Trump continues to urge Congress to pass the Credit Card Competition Act, a bill that would require any card issued by major banks to support at least two card networks, the Wall Street Journal reported Thursday (Oct. 8). Merchant lobbyists who support the bill have stepped up their efforts to get it passed in recent […]
September 17, 2026
A bill that would require financial regulators to assess their technological capabilities and identify ways to make examinations more efficient, effective and responsive was passed by the U.S. House of...
September 16, 2026
House lawmakers passed legislation aimed at giving financial regulators in the United States better digital tools, FedScoop reported Wednesday (Sept. 16). The FUTURES Act cleared the House earlier this week...
September 14, 2026
Three Republican Senators released a final draft of the Clarity Act Monday (Sept. 14), saying in a press release that the bill includes new ethics language and measures to prevent...
