Senate Banking Committee

Today In Payments: Big Banks Express Caution Over Crypto; Amazon Reportedly Interested In Physical Pharmacies
Today In Payments: Big Banks Express Caution Over Crypto; Amazon Reportedly Interested In Physical Pharmacies
May 27, 2021  |  News

In today’s top news, executives from the biggest U.S. banks warned the Senate of the volatility of cryptocurrencies, and Amazon is reportedly looking into starting...

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Mnuchin, Powell Testify CARES Is Working
Mnuchin, Powell Testify CARES Is Working
May 19, 2020  |  Economy

In a joint appearance before the Senate Banking Committee, Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES...

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Senate Hearing Focuses On Need For Crypto Oversight
Senate Hearing Focuses On Need For Crypto Oversight
July 30, 2019  |  Cryptocurrency

In crypto, only a few trust? Maybe not — not, at least, with a hefty amount of regulatory oversight. In a hearing titled “Examining Regulatory...

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Senate Grills Facebook’s Marcus Over Libra
Senate Grills Facebook’s Marcus Over Libra
July 17, 2019  |  Cryptocurrency

There were many questions, many comments, a few evasions and about the expected amount of histrionic blustering on display when David Marcus, Facebook’s head of...

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Marcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
Marcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
July 15, 2019  |  Cryptocurrency

David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead of a scheduled...

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Facebook To Get Senate Panel Scrutiny Over Libra Project
Facebook To Get Senate Panel Scrutiny Over Libra Project
June 20, 2019  |  Regulation

Libra, the global cryptocurrency effort tied to Facebook, will be the focus of a Senate panel hearing next month, Reuters reported. The U.S. Senate Banking...

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Regulators, Lawmakers Press Facebook For Answers On Libra
Regulators, Lawmakers Press Facebook For Answers On Libra
June 20, 2019  |  Cryptocurrency

News of the launch of Facebook cryptocurrency Libra has highlighted how the U.S. government will respond to the introduction of new digital currencies. The Wall...

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Trump CFPB Pick Questioned On Consumer Finance Experience
Trump CFPB Pick Questioned On Consumer Finance Experience
July 20, 2018  |  CFPB

President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on Thursday (July 19)....

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FTC: Fair Credit Reporting Act Still Top Priority
FTC: Fair Credit Reporting Act Still Top Priority
July 13, 2018  |  Regulation

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. “FCRA enforcement continues...

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