Apr 18, 2024 | Congressional Legislation, News
House Financial Services Committee Sends 13 Bills to House Floor, Including EWA Framework, Nullification of CFPB Late Fee Rule Yesterday, the House Financial Services Committee reported 13 bills out of Committee, sending them to the full House for consideration. Among...
Apr 10, 2024 | Congressional Legislation, Federal Regulation, News
Banking Committee Ranking Member Sen. Tim Scott Introduces Resolution to Overturn CFPB Late Fee Rule Earlier this week, Senate Banking Committee Ranking Member Tim Scott (R-S.C.) introduced a resolution aimed at overturning the CFPB’s recently finalized rule limiting...
Mar 19, 2024 | Congressional Legislation, News
Michigan Senate Passes 36% Rate Cap on Payday Loans After Michigan’s Board of State Canvassers declined to certify a ballot initiative proposal to cap interest and fees on payday loans in 2022, the Michigan State Senate last week passed legislation that would cap...
Mar 5, 2024 | Congressional Legislation, News
House Financial Services Chairman Patrick McHenry Reintroduces Financial Services Innovation Act to Establish Regulatory “Sandboxes” Last week, House Financial Services Chairman Patrick McHenry reintroduced the Financial Services Innovation Act, legislation that would...
Feb 8, 2024 | Congressional Legislation, Federal Regulation, News
Republican Reps Say FDIC has “Moved Innovation Backwards” Representatives Patrick McHenry, chairman of the House Financial Services Committee; Andy Barr, chairman of the Financial Institutions and Monetary Policy Subcommittee; and French Hill, chairman of the Digital...
Jan 17, 2024 | Congressional Legislation, FinTech, News
House Financial Services Committee Announces Bipartisan AI Working Group Last week, House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C) and Ranking Member Maxine Waters (D-Calif.) announced the formation of the Committee’s bipartisan Working...