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Policy · 116th Congress

Congress looks at taxes, oversight, crime in fintech bills

Mark S. Kirk, R-Ill. He described the current regulatory environment as the “Wild West.” In Fonda’s view, the best-case situation is for policymakers to “choose a lane,” he told CQ Roll Call.

Policy · 116th Congress

Rules, privacy issues loom for fintech industry in 2020

Facebook Inc.’s midyear announcement that it planned to launch a cryptocurrency, Libra, upended the industry’s focus, tilting the legislative strategy from pressing hard for beneficial bills to staying

Policy · 116th Congress

Big data poses big problems for banks, experts say

He cited the example of Facebook Inc.’s advertisement targeting that could be used to prevent African Americans from seeing ads for housing despite laws prohibiting such conduct.