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...
Jan 9, 2024 | Congressional Legislation, News
Rep. Blaine Luetkemeyer, Influential Voice on House Financial Services Committee, Announces Retirement from Congress Rep. Blaine Luetkemeyer (R-Mo.), a senior member of the House Financial Services Committee, announced last week that he will retire at the end of the...
Dec 19, 2023 | Congressional Legislation, Federal Regulation, News
Sens. Brown, Warnock, and Fetterman Send Letter to CFPB on Holiday BNPL Spending This week, U.S. Senators Sherrod Brown (D-Ohio), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, joined by Sens. Raphael Warnock (D-Ga.) and John Fetterman...
Dec 12, 2023 | Congressional Legislation, News
HFSC Chairman McHenry Announces He Will Retire At the End of This Term House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) recently announced that he will not seek re-election to the House, choosing instead to retire at the end of his current...
Nov 28, 2023 | Congressional Legislation, Federal Regulation, News
Banking Trade Groups Argue Interest Rate Cap Could Impact Subprime Borrowers’ Credit Access In a recent joint letter to lawmakers, seven bank trade groups warned that the Military Lending Act, which would impose a 36 percent interest rate cap on consumer loans, could...
Oct 3, 2023 | Congressional Legislation, Federal Regulation, News
Senate Advances SAFER Banking Act, Sending Legislation to Senate Floor Last week, the Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a week after it was filed with revisions to garner more bipartisan buy-in. The...
