Hearings into the FTX crypto collapse kicked off without input from now-jailed founder Sam Bankman-Fried. As reported by PYMNTS, the failed FTX founder faces eight interrelated criminal counts levied against him by the U.S. Department of Justice (DOJ), as well as additional civil suits filed...
The drumbeat for stablecoin regulation grows louder. But the questions — the what, when, and especially the how it all gets done — are still up in the air. The privately issued coins had the potential, at least according to some proponents, to upend traditional...
A pair of U.S. congressmen have introduced the House companion to the Senate’s Credit Card Competition Act of 2022, designed to bring more choice to the credit card market. “Credit card companies and mega banks keep finding new ways to squeeze our small retailers in...
Six months after the Democrat-controlled House passed a $3.2 trillion coronavirus stimulus package, Senate Republicans say they are prepared to vote on their version as early as this week. CNBC reported that U.S. Senate Majority Leader Mitch McConnell (R-Kentucky) said the chamber will consider a...
December 06, 2023
The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments innovation? As had been widely reported Tuesday (Dec. 6), McHenry said that he won’t seek re-election when his current term is up. McHenry, who briefly served as interim speaker of […]
September 19, 2022
A pair of U.S. congressmen have introduced the House companion to the Senate’s Credit Card Competition Act of 2022, designed to bring more choice to the credit card market. “Credit card companies and mega banks keep finding new ways to squeeze our small retailers in Vermont,” Rep. Peter Welch (D-VT) — who introduced the bill […]
September 08, 2020
Six months after the Democrat-controlled House passed a $3.2 trillion coronavirus stimulus package, Senate Republicans say they are prepared to vote on their version as early as this week. CNBC...
May 20, 2020
Businesses struggling to stay afloat amid the coronavirus pandemic but shut out of stimulus programs could see renewed relief as Speaker Nancy Pelosi (D-Calif.) and the House move to rework...
March 26, 2020
U.S. House of Representatives Speaker Nancy Pelosi said that she wants Americans to get another payment in addition to the $2 trillion relief package passed in the Senate on Wednesday...
