The investigations into recent bank failures are just beginning. President Joe Biden released a statement Friday (March 17) calling on Congress to impose tougher penalties on senior bank executives whose mismanagement contributed to their institutions failing, saying this would strengthen accountability and deter mismanagement in the future....
The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. may fall behind to other leading countries, specifically the U.K, which...
August 09, 2023
The top Democrat on the House Financial Services Committee (HFSC), Rep. Maxine Waters, said she is “deeply concerned” about PayPal’s decision to launch a stablecoin. The launch comes at a time when there is no federal framework for regulating these assets, Waters said in a Wednesday (Aug. 9) press release. “PayPal, with 435 million customers […]
March 17, 2023
The investigations into recent bank failures are just beginning. President Joe Biden released a statement Friday (March 17) calling on Congress to impose tougher penalties on senior bank executives whose mismanagement contributed...
