Congress

Mastercard Tells Congress Credit Card Competition Act Is Bad for Consumers, Businesses
Mastercard Tells Congress Credit Card Competition Act Is Bad for Consumers, Businesses
September 22, 2023  |  Credit Cards

Mastercard has written a letter to several members of the United States Congress, outlining its opposition to the Credit Card Competition Act.  The legislation would “remove consumer...

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Hill Hearing Debates Innovation and Credit Access Threat Due to Banking Regulation ‘Overreach’
Hill Hearing Debates Innovation and Credit Access Threat Due to Banking Regulation ‘Overreach’
September 20, 2023  |  Bank Regulation

Change looms in the banking sector as various agencies have put forth proposals that would, among other things, raise capital requirements, mandate that banks with...

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Retail CBDCs Can’t Get an ‘A’ Grade From US Lawmakers
Retail CBDCs Can’t Get an ‘A’ Grade From US Lawmakers
September 18, 2023  |  CBDC

The use of digital cash is growing. Americans currently leverage digital payments for many — if not all — of their daily purchases, using credit...

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This Week in AI: Big Tech Comes to Capitol Hill, Arm Goes Public
This Week in AI: Big Tech Comes to Capitol Hill, Arm Goes Public
September 15, 2023  |  artificial intelligence

Another week, another growth spurt for the artificial intelligence (AI) sector. The U.S. Senate returned from its summer recess primed to tackle AI legislation with...

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What Big Tech Said in Closed-Door Senate Forum on AI
What Big Tech Said in Closed-Door Senate Forum on AI
September 15, 2023  |  artificial intelligence

It was a big week for artificial intelligence (AI) in Washington. This, as U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) hosted a closed-door knowledge sharing forum Wednesday...

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Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
September 11, 2023  |  Regulation

U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy.  Big Tech companies are rushing to prove that they can get there first...

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AI Safeguards to be Focus of Congressional Hearings
AI Safeguards to be Focus of Congressional Hearings
September 08, 2023  |  Artificial Intelligence

The U.S. Congress is reportedly taking steps to address the potential risks associated with the rapid advancement of artificial intelligence (AI). Three hearings are scheduled...

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US Senate’s Return May Kick AI Regulation Into High Gear
US Senate’s Return May Kick AI Regulation Into High Gear
September 05, 2023  |  artificial intelligence

Summer is over, but the generative artificial intelligence (AI) revolution continues to march on. Many of the bleeding-edge large language models (LLMs) from firms like OpenAI, Google and Anthropic  were...

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Businesses Need to Chart Own Policy Path Around Using AI
Businesses Need to Chart Own Policy Path Around Using AI
August 29, 2023  |  artificial intelligence

Generative artificial intelligence (AI) has changed the game so fast that companies and governments alike are trying to play catch-up. That is because the innovation...

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