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Policy · 116th Congress

Delayed COVID-19 aid spurs search for faster payments

The push for a U.S. central bank digital currency has slowly built momentum in Congress as policymakers have grappled with financial stability and national security concerns caused by Facebook Inc.’s

Podcasts · 116th Congress

Could a CBDC topple the US dollar? - Roll Call

Famed economist Barry Eichengreen joins Fintech Beat to discuss a central bank digital currency's chances of toppling the U.S. dollar, and more.

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.

Congress · 116th Congress

Zuckerberg threatened with Facebook breakup

The cryptocurrency proposal drew scrutiny due to Facebook Inc.’s enormous base of over 2 billion monthly users and its advertised promise to “transform money.”