August 1, 2024- The European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, which was designed to ensure that AI developed and used in the EU is trustworthy,...more
March 13, 2024- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Bureaucratic Overreach or Consumer Protection? Examining the...more
January 18, 2024- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "National Security Challenges: Outpacing China in Emerging Technology."...more
January 17, 2024- U.S. Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.) led a letter to the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of...more
December 12, 2023- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing."...more
October 19, 2023- The Consumer Financial Protection Bureau proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new...more
Federal Reserve Issues Guidance on Stablecoin Issuances by State-chartered Member Banks- The Board of Governors of the Federal Reserve System announced the creation of a new supervision program addressing novel activities...more
July 27, 2023- The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are requesting comment on a proposal to increase the strength and...more
June 14, 2023- The Federal Open Market Committee announced that the Board of Governors of the Federal Reserve System (Federal Reserve) has voted unanimously to maintain the interest rate paid on reserve balances at 5.15...more
May 23, 2023- The U.S. House Committee on Financial Services held a hearing entitled, "FHFA Oversight: Protecting Homeowners and Taxpayers." •Hearing- •Committee Memorandum- •Committee Vice Chair Hill Statement- ...more
April 19, 2023- The U.S. House Committee on Financial Services Subcommittee on Digital Assets held a hearing entitled, "Understanding Stablecoins' Role in Payments and the Need for Legislation."...more
April 12, 2023- Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a policy address at a forum hosted by the Bipartisan Policy Center in Washington, DC on recent bank failures. Vice Chairman...more
March 24, 2023- Members of the Senate Banking Committee Republicans are demanding answers and seeking records from the Board of Governors of the Federal Reserve System (Federal Reserve) and the Federal Reserve Bank of San...more
January 12, 2023- Subcommittees of the House Financial Services Committee, as well as their respective Chairs and jurisdiction for the 118th Congress, were announced. January 11, 2023- Republican Committee members...more
December 8, 2022- U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and U.S. Sen. Pat Toomey (R-PA), Ranking Member of the Senate Committee on Banking, Housing, and...more