The head of America’s biggest bank believes tariffs can be helpful when used properly. In the right circumstances, they can help with issues like national security and unfair competition, JPMorganChase CEO Jamie Dimon said Sunday (Jan. 12), eight days before pro-tariff President-elect Donald Trump takes...
The 119th Congress has now been seated, and is poised to consider, to take up — or to scuttle — financial services legislation that may touch on everything from credit cards to earned wage access (EWA) to digital assets. The incoming majorities belong to the...
U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Hill announced his election in a Thursday (Dec. 12) press release, saying that he looks forward to...
President-elect Donald Trump has chosen Fiserv CEO Frank Bisignano to oversee the Social Security Administration. The incoming president announced his pick on his Truth Social platform Wednesday (Dec. 4) evening, tapping the FinTech/payments company executive to oversee the country’s largest federal program. “I am very...
Though uninterested in joining the White House, Jamie Dimon has reportedly been advising the president-elect. The JPMorgan Chase CEO has been in communications with Donald Trump for months, the New York Post reported Friday (Nov. 29). Sources on the Trump transition team told the newspaper...
President-Elect Donald Trump reportedly is meeting with Coinbase CEO Brian Armstrong to discuss the incoming administration’s personnel appointments. The meeting would mark the first time they have met since the day of the election, the Wall Street Journal (WSJ) reported Monday (Nov. 18), citing unnamed sources. Trump said during...
Despite reports of Republicans and Democrats naming him as a possible nominee for U.S. Treasury secretary, there’s an “almost nil” chance that JPMorgan Chase CEO Jamie Dimon will leave the bank, a source told Reuters. Dimon, 68, who has led the banking giant for nearly...
Subcommittees of the House Financial Services Committee (HFSC) will hold two hearings on Sept. 10, with one focused on decentralized finance and the other looking at environmental, social and governance (ESG) standards. HFSC Chairman Patrick McHenry, R-N.C., announced these scheduled hearings in a Tuesday (Sept....
The U.S. House Energy and Commerce Committee reportedly voted Thursday (July 11) to give the Justice Department a transcript of a closed-door hearing about threats posed by TikTok. The release of the transcript is meant to help the Justice Department defend a law that requires TikTok’s China-based owner, ByteDance,...
