Biden administration

FTC Chair Lina Khan Faces Republican Scrutiny Over Budget Increase
FTC Chair Lina Khan Faces Republican Scrutiny Over Budget Increase
July 13, 2023  |  Regulation

Federal Trade Commission (FTC) Chair Lina Khan faced scrutiny from Republicans at a Thursday (July 13) House Judiciary Committee Oversight hearing. Under Khan, the FTC’s budget has...

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Biden Student Loan ‘On-Ramp’ Shields Borrowers Who Miss Student Loan Payments
Biden Student Loan ‘On-Ramp’ Shields Borrowers Who Miss Student Loan Payments
July 05, 2023  |  Loans

The White House wants to offer debt relief to student loan borrowers as payments resume. According to an announcement last week by the U.S. Department of Education, the...

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McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
May 17, 2023  |  Bank Regulation

A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...

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White House Says Companies Must Ensure AI Systems Are Safe
White House Says Companies Must Ensure AI Systems Are Safe
May 04, 2023  |  artificial intelligence

White House officials met with leaders in the artificial intelligence (AI) field after announcing actions on AI. Vice President Kamala Harris and senior White House...

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Battle Over Junk and Late Fees Could Hit Bank Profits and Consumer Services
Battle Over Junk and Late Fees Could Hit Bank Profits and Consumer Services
April 17, 2023  |  Regulation

Where regulation goes — sometimes, at least — unintended consequences might follow. The regulatory and legislative scrutiny of, and battle over, what are being commonly...

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AI Regulations Need to Target Data Provenance and Protect Privacy
AI Regulations Need to Target Data Provenance and Protect Privacy
April 11, 2023  |  artificial intelligence

The speed with which AI is radically transforming global economies has not escaped regulators’ attention. As fears continue to grow over the potential use-case implications...

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White House Wants New Rules for Midsize Banks
White House Wants New Rules for Midsize Banks
March 29, 2023  |  Bank Regulation

The White House plans to call for tougher regulation of midsize banks. The recommendations for congressional action could be announced within days and would follow...

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GOP Senators Move to Overturn Biden’s Student Loan Forgiveness
GOP Senators Move to Overturn Biden’s Student Loan Forgiveness
March 27, 2023  |  Politics

Senate Republicans want to revoke the White House’s plan to forgive some student loans. A trio of senators on Monday (March 27) introduced a Congressional...

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McHenry Questions FDIC and Treasury Chiefs on SVB Response
McHenry Questions FDIC and Treasury Chiefs on SVB Response
March 23, 2023  |  Banking

House Republicans want more answers from the White House on the recent banking crisis. The chair and vice chairman of the House Financial Services Committee...

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