The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and housing industries. HFSC Chairman Patrick McHenry, R-North Carolina, and Ranking Member Maxine Waters, D-California, introduced bipartisan measures focusing on AI and its...
Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified against the proposed merger Friday (July 19) during a virtual meeting convened by the Federal Reserve and the Office of...
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. The CBDC Anti-Surveillance State Act (H.R. 5403) passed by a vote of 216 to 192, with 213...
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the deal, citing concerns about the concentration of economic power in the hands of megabanks, Reuters...
December 02, 2024
The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and housing industries. HFSC Chairman Patrick McHenry, R-North Carolina, and Ranking Member Maxine Waters, D-California, introduced bipartisan measures focusing on AI and its impact, the HFSC said in a Monday (Dec. 2) press release. […]
July 19, 2024
Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified against the proposed merger Friday...
May 24, 2024
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. The CBDC...
February 21, 2024
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the...
