European financial firms lag in artificial intelligence (AI) adoption just as U.S. lawmakers move to boost AI oversight in banking and healthcare, with a new House resolution targeting AI in finance, and California’s healthcare AI law drawing congressional attention as a potential national model. The...
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...
By this time next year, America’s banking regulators will likely have new leadership. At a hearing Wednesday (Nov. 20) Rep. Patrick McHenry took the outgoing regulators to task. McHenry, the North Carolina Republican who serves as chair of the House Financial Services Committee accused officials...
Subcommittees of the House Financial Services Committee (HFSC) will hold two hearings on Sept. 10, with one focused on decentralized finance and the other looking at environmental, social and governance (ESG) standards. HFSC Chairman Patrick McHenry, R-N.C., announced these scheduled hearings in a Tuesday (Sept....
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 […]
October 24, 2022
Congress is out of session. The midterm elections loom. Rep. Patrick McHenry (R-N.C.) told Karen Webster that regardless of the outcome, stablecoin regulation will be on the agenda when legislators...
December 12, 2024
U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Hill announced his election in a Thursday (Dec. 12) press release, saying that he looks forward to working with others “to bring common-sense economic policies that will […]
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,...
November 20, 2024
By this time next year, America’s banking regulators will likely have new leadership. At a hearing Wednesday (Nov. 20) Rep. Patrick McHenry took the outgoing regulators to task. McHenry, the...
September 03, 2024
Subcommittees of the House Financial Services Committee (HFSC) will hold two hearings on Sept. 10, with one focused on decentralized finance and the other looking at environmental, social and governance...
