Tagged: congress

Congressional Testimony on Fintech Innovation: “Today We Are Following Not Leading”

This past week the House Subcommittee on Digital Commerce and Consumer Protection, part of the Energy and Commerce Committee, held a hearing on Fintech innovation as part of their disruptors series. During the hearing several witnesses delivered prepared statements to the Committee members and one clearly… Read More

FIN Opposes Elements of CHOICE Act: Do Not Repeal Debit Reforms

Last week Financial Innovation Now (FIN), an alliance of companies which includes Fintech behemoths innovator Amazon, Apple, Google, Intuit and PayPal, spoke out against language used in the Financial CHOICE Act that would repeal debit swipe fee reform. In a letter penned by FIN Executive Director Brian… Read More

Are GoFundMe’s “Buy Congress’ Internet Data” Crowdfunding Campaigns Scams?

In votes this and last week that were largely along party lines, US Congress moved to dismantle the landmark internet privacy protections for consumers, a strike against Obama’s telecommunications and technology regulations.. At this writing GoFundMe is hosting fourteen concurrent crowdfunding campaigns that supposedly offer donors the opportunity to buy Congress… Read More

Retrospective: Kickstarter’s March To An Incredible Milestone

It’s one of the top 1,000 web sites in the world. It’s been used to fund small, personal pet projects and it’s been used to spur enormous companies. It creates jobs. It’s a platform, an idea, and now even a verb. Do you start a… Read More

AARP Magazine Runs Crowdfunding Feature, Cites Cautionary Letter

AARP The Magazine recently ran an article on crowdfunding dealing with the possibilities (and perils) of the evolving means of capital formation. Kickstarter, RocketHub and EarlyShares all get mention in the piece alongside Sherwood Neiss of Crowdfund Capital Advisors. Rockethub’s Alon Hillel-Tuch and EarlyShares’s Heather Schwarz-Lopes… Read More

Prodigy Network Bets Big On Crowdfunding Commercial Real Estate

In applying a loose definition of the term “crowdfunding,” Rodrigo Nino stands as the undisputed king of the emerging fundraising methodology. He and his team at Prodigy Network crowdfunded a building in Colombia to the tune of over $175 million from investors both in Colombia… Read More

Rep. Partick McHenry On Today’s Equity Crowdfunding News

“On the heels of another month of anemic job growth, I am encouraged that the SEC unanimously agreed to release equity crowdfunding rules for public comment.  Crowdfunding can unlock private capital and provide opportunities for entrepreneurs and everyday investors to spur economic growth.  To meet… Read More

House Republicans Gearing Up For JOBS Act 2.0

Despite the SEC’s delay in proposing and implementing key aspects of the JOBS Act, it seems that US House Republicans will be seeking to expand upon the law in forthcoming legislation. This according to Representative Scott Garrett (R-NJ), a member of the House Financial Services… Read More

Government Shutdown: Extra Cash Keeps SEC Afloat For Now

The JOBS Act may have been the last thing the US Congress could agree on. For now, vitriol and disagreement over issues, including but not limited to funding of the Affordable Care Act, have resulted in a government shutdown. What does this mean for the… Read More

Microryza Campaign Aims To Study Complicated US Gun Culture & Effect On Public Safety

Bisakha Sen, an associate professor at The University of Alabama at Birmingham, has launched a campaign on Microryza to fund her research into the effect of gun policy and gun culture on public safety in the United States. The project aims to draw conclusions based… Read More

Bi-Partisan Group Pushes JOBS Act

Washington, D.C. – December 11, 2012 – Senators Jeff Merkley (D-OR) and Michael Bennet (D-CO) urged Chairman Mary Schapiro of the Securities Exchange Commission to request that rules governing crowdfunding activities be issued quickly. Merkley and Bennet were lead sponsors on the CROWDFUND Act, which was… Read More

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