Tag Archives: FinTech

Financial Services Nominees in the Spotlight as Agencies Under Scrutiny

Legislative Activity Senate Committees to Consider Labor, SEC Nominations This Week; House Has Full Slate of Hearings After Examining Flood Insurance and the Fed Last Week This week, two Senate committees will consider the nominations of President Trump’s picks to lead the Department of Labor (DOL) and the Securities and Exchange Commission (SEC). On Wednesday, … Continue Reading

Carson Nomination Gets a Vote; Financial Services Regulators Pause, Prepare for Trump Administration

Legislative Activity Senate Banking Committee Set to Vote on Carson Nomination This Tuesday, January 24, the Senate Banking Committee is set to vote on the nomination of Dr. Ben Carson to be Secretary of the Department of Housing and Urban Development (HUD). Two weeks ago, Dr. Carson received a fairly warm welcome from both Democrats … Continue Reading

House and Senate Financial Services Lawmakers Kick-Off the 115th Congress; Regulators Tackle Debt Collection, Insurance, and FinTech

Legislative Activity New Year, New Look for Senate Banking and House Financial Services Committees With the new Congress officially under way, both the Senate Banking and House Financial Services Committees have announced new Committee members. Joining Chairman Mike Crapo (R-ID) on the Senate Banking Committee are fellow Republican Senators David Perdue (R-GA), Thom Tillis (R-NC), … Continue Reading

Financial Services Policymakers Prepare for 2017 as Regulators Wrap-Up Work

Legislative Activity Financial Services Policymakers Outline Agendas for 2017 Last week, House Financial Services Committee Chairman Jeb Hensarling (R-TX) outlined his ambitious agenda for 2017. At the top of the list is moving forward with the Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act (CHOICE Act), which Chairman Hensarling estimates will be on … Continue Reading

Major Changes to Dodd-Frank Ahead?; SEC, CFTC, FDIC to Meet

Legislative Activity Is Dodd-Frank on the Chopping Block Next Congress? With President-Elect Donald Trump in the White House and Republicans in control of both the House and Senate, we believe there is a real possibility for a significant overhaul of financial services regulation in the 115th Congress – especially if future Chairman of the Senate … Continue Reading

Terrorism Financing, Consumer Protection in Spotlight; Various Financial Services Regulators to Meet

Legislative Activity Senate Banking Takes on Terrorism Financing Taking the lead from the House Financial Services Committee, which held a hearing earlier this month to exam the terrorism financing implications of the “ransom payments” to Iran, the Senate Banking Committee will hold a hearing this Wednesday on the matter. Outside of the more recent focus … Continue Reading

Financial Services Reform Efforts Slow Moving, as Lawmakers Turn to Fight on Terrorism Financing; SEC to Hold Open Meetings

Legislative Activity Lawmakers Press on with Financial Services Reform Efforts On June 23, 2016, House Financial Services Committee Chairman Jeb Hensarling (R-TX) unveiled a discussion draft of legislation aimed at replacing the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The legislation, Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (Financial CHOICE Act), … Continue Reading
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