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Fintech

Senate Agriculture Chair Debbie Stabenow, D-Mich., has proposed cryptocurrency legislation that SEC Chair Gary Gensler suggested was 'too light touch' for the industry.

FTX failure may strengthen case for more robust crypto regulation

By Sarah Wynn
Posted November 15, 2022 at 7:00am
Utah Republican Mitt Romney is one of nine senators from both parties who say industrial loan companies can help local economies in ways that traditional financial institutions can't.

Senators urge FDIC to give fair consideration to industrial banks

By Steven Harras
Posted November 1, 2022 at 7:00am
Rep. French Hill, R-Ark., who three years ago urged the Fed to study a central bank digital currency, now raises concerns about 'more big data, more privacy issues.'

Lawmakers trip over privacy and security of digital dollar

By Caitlin Reilly
Posted October 25, 2022 at 7:00am
Rep. Bill Foster says the Fed will need legislation to move ahead with a central bank digital dollar.

Can Congress buy in to digital dollar without legislation?

By Caitlin Reilly
Posted October 18, 2022 at 7:00am
Rep. Tom Emmer, R-Minn., introduced a bill in January that would ban the Federal Reserve from issuing a central bank digital dollar.

GOP midterm victory would add pressure on fintech regulators

By Sarah Wynn
Posted October 4, 2022 at 7:00am
Republican Sens. Patrick J. Toomey of Pennsylvania right, and Tim Scott of South Carolina are sponsoring a bill that would clarify that a range of nontraditional investment options are among those that workplace retirement plan managers can recommend, select or monitor without breaching fiduciary obligations.

Senate bill would boost alternative assets in 401(k) plans

By Laura Weiss
Posted September 29, 2022 at 8:30am
House Financial Services Chair Maxine Waters, D-Calif., said she was heartened that federal agencies are working together to modernize implementation of the Community Redevelopment Act.

Political divide snags the digital update to anti-redlining law

By Steven Harras
Posted September 20, 2022 at 6:30am
Sen. Mark Warner warns that unregulated financial products have migrated from the commercial to the retail sector since the last financial crisis.

Senate Democrats say buy now, pay later products lack oversight

By Caitlin Reilly
Posted September 13, 2022 at 5:34pm
Senate Ag Chair Debbie Stabenow and ranking member John Boozman, R-Ark., have introduced legislation that would give the CFTC oversight of digital commodities.

Crypto sector lobbying expenditures up a third in second quarter

By Caitlin Reilly
Posted August 9, 2022 at 7:00am
“Director Chopra continues to block consumers’ access to innovative financial products and services," says Rep. Patrick T. McHenry.

Fintechs question CFPB’s faith in innovation over ‘safe harbors’

By Steven Harras
Posted July 19, 2022 at 6:00am