Congress

Fed Oversight Council Argues for More Control Over FinTech
Fed Oversight Council Argues for More Control Over FinTech
December 06, 2024  |  News

The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they...

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Lawmakers Question US Banking Relationship With Hong Kong
Lawmakers Question US Banking Relationship With Hong Kong
November 25, 2024  |  Bank Regulation

Two U.S. lawmakers reportedly want the country to rethink its banking relationship with Hong Kong. Rep. John Moolenaar, R-Michigan, and Rep. Raja Krishnamoorthi, D-Illinois, sent a letter to...

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Regulators Tell House Committee They’ll Pause New Banking Rules
Regulators Tell House Committee They’ll Pause New Banking Rules
November 20, 2024  |  Bank Regulation

There’ll be a moratorium on new banking rules — at least for a bit. A trio of the top financial services industry regulators told the...

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Federal Bill Targets AI and Credit Cards in ‘Addictive’ Sports Betting
Federal Bill Targets AI and Credit Cards in ‘Addictive’ Sports Betting
September 13, 2024  |  Regulation

A newly proposed bill would require states that allow sports betting to meet minimum federal standards covering advertising, affordability and artificial intelligence. The SAFE Bet Act...

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Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
August 21, 2024  |  Faster Payments

The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems....

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US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
August 14, 2024  |  artificial intelligence

Lawmakers on both sides of the Atlantic are racing to establish artificial intelligence (AI) regulations, with California poised to vote on strict AI oversight as...

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National Consumers League CEO: Drip Pricing Leaves Consumers in the Dark
National Consumers League CEO: Drip Pricing Leaves Consumers in the Dark
August 12, 2024  |  Retail

Drip pricing, or added fees consumers only learn about at checkout, are coming under fire from consumer groups as proposed rules make their way through...

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EU, UK and US Unite in GenAI Concerns
EU, UK and US Unite in GenAI Concerns
July 24, 2024  |  artificial intelligence

Competition authorities from the United States, European Union and United Kingdom have joined forces to address potential antitrust issues in artificial intelligence (AI), while tech...

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They Said That: Notable Quotables From the Week of July 14
They Said That: Notable Quotables From the Week of July 14
July 19, 2024  |  Connected Economy

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail for luxury brands, discussions with One Inc CEO Ian Drysdale...

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