Congress

Congress Calls Bank CEOs to Capitol Hill for Consumer, Compliance Hearings
Congress Calls Bank CEOs to Capitol Hill for Consumer, Compliance Hearings
September 19, 2022  |  Banking

The leaders of the country’s seven biggest commercial financial institutions will head to Washington, D.C., this week to face two Congressional hearings to review consumer...

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Toomey Revives Call for 2022 Stablecoin Regulation
Toomey Revives Call for 2022 Stablecoin Regulation
September 15, 2022  |  Regulation

One of the Senate’s top Republicans believes that stablecoin regulation can still happen this year. Pennsylvania’s Pat Toomey, the top Republican on the Senate Banking...

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Report: Walmart, Target Urge Support for Credit Card Competition Bill
Report: Walmart, Target Urge Support for Credit Card Competition Bill
September 14, 2022  |  Retail

Saying swipe fees for credit cards in the U.S. are seven times higher than those in Europe, more than 1,600 merchants have reportedly signed a...

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Today in Crypto: Senators Urge Zuckerberg to Fight Crypto Scams on Facebook; MicroStrategy Seeks to Sell $500M in Stock to Buy Bitcoin
Today in Crypto: Senators Urge Zuckerberg to Fight Crypto Scams on Facebook; MicroStrategy Seeks to...
September 11, 2022  |  Cryptocurrency

Regulators in Thailand are tightening rules on digital assets, following several irregularities and the termination of a big acquisition involving a crypto exchange. According to...

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Partisan Fight over Digital Dollar Looms Larger
Partisan Fight over Digital Dollar Looms Larger
September 09, 2022  |  Cryptocurrency

Reports that the Treasury Department is behind building a digital dollar before deciding whether to launch it will set off a partisan battle in Washington...

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US Stablecoin Bill Hits a Snag as Negotiations Break Down
US Stablecoin Bill Hits a Snag as Negotiations Break Down
September 04, 2022  |  Regulation

A major Congressional effort to create regulations around stablecoins has hit a bump in the road, and while negotiations still ongoing, they are likely to...

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US Lawmakers Want Answers From Credova on BNPL Gun Sales
US Lawmakers Want Answers From Credova on BNPL Gun Sales
August 29, 2022  |  Buy Now Pay Later

Congressional lawmakers want answers from a Montana financial company that offers buy now, pay later (BNPL) options to gun buyers. In a letter dated Monday...

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Lawmakers Ask Fed to Speed up CBDC Project
Lawmakers Ask Fed to Speed up CBDC Project
August 08, 2022  |  CBDC

A bipartisan group of lawmakers wants the Federal Reserve to speed efforts to issue a digital dollar and thus prevent countries like China from endangering...

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Congressional Recess Kicks Big Tech Vote to Election Season
Congressional Recess Kicks Big Tech Vote to Election Season
August 08, 2022  |  Big Tech

The bipartisan antitrust bill targeting Big Tech companies like Amazon, Apple and Google is being kicked to the fall election season as Congress readies for...

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