Senate

Lawmakers Shun State Cannabis Banking Reform
Lawmakers Shun State Cannabis Banking Reform
December 26, 2018  |  Regulation

Senate Majority Leader Mitch McConnell (R-Ky.) has rejected the STATES Act, legislation that would allow states to regulate their own cannabis industries without federal intervention....

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Senators Call For Deutsche Investigation
Senators Call For Deutsche Investigation
December 14, 2018  |  Security & Fraud

Two senators are calling for a banking committee investigation of Deutsche Bank’s compliance with U.S. safeguards against money laundering. According to Bloomberg, Senator Elizabeth Warren...

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Kathy Kraninger Confirmed As New BCFP Head
Kathy Kraninger Confirmed As New BCFP Head
December 07, 2018  |  Personnel

The U.S. Senate has confirmed Kathleen Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP). “NAFCU is consistently engaged with the...

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Lawmakers Want To Outlaw SMB ‘Confession Loans’
Lawmakers Want To Outlaw SMB ‘Confession Loans’
December 06, 2018  |  Bank Regulation

U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to make borrowers forfeit...

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Google CEO To Face Congress Over Data Privacy
Google CEO To Face Congress Over Data Privacy
December 02, 2018  |  Google

Sundar Pichai, Google’s chief executive is preparing to testify before the U.S. Congress next week in what is expected to be a wide-ranging hearing with...

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FTC Testifies Before Senate Subcommittee About Consumer Privacy And Data Security
FTC Testifies Before Senate Subcommittee About Consumer Privacy And Data Security
November 28, 2018  |  Regulation

The Federal Trade Commission (FTC) testified on Tuesday (Nov. 27) before the U.S. Senate Commerce Subcommittee regarding the agency’s work on consumer protection, product safety,...

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Why The Blockchain Industry Is Eager For Regulation
Why The Blockchain Industry Is Eager For Regulation
September 27, 2018  |  B2B Payments

Lawmakers have their work cut out for them as they take their first steps into regulating the world of blockchain. Everything from initial coin offerings...

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Senate Commerce Committee Wants A Word With Google, Amazon, Twitter
Senate Commerce Committee Wants A Word With Google, Amazon, Twitter
September 12, 2018  |  Security & Fraud

AT&T, Twitter, Alphabet’s Google and three other major web and internet service companies plan to testify before a U.S. Senate panel later in September to...

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Digital Privacy, Security Issues Take Spotlight At Congressional Hearings
Digital Privacy, Security Issues Take Spotlight At Congressional Hearings
September 05, 2018  |  Regulation

Top executives from Twitter and Facebook sought to reassure U.S. lawmakers on Wednesday (Sept. 5) that they can better protect users from election interference from...

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