Tagged: house committee on financial services

House Task Force on Artificial Intelligence to Hold Hearing on Ethics

On Wednesday, October 13, the House Committee on Financial Services, Task Force on Artificial Intelligence (AI) will hold a hearing to discuss ethics and AI. According to the hearing memo, in financial services, AI systems often tackle complex problems including credit underwriting, customer service, cybersecurity… Read More

SEC Chairman Gary Gensler Talking Points: “Rules mostly adopted 16 years ago do not fully reflect today’s technology”

In prepared remarks distributed prior to the House Committee on Financial Services hearing later today, SEC Chairman Gary Gensler outlined his talking points as he asks the Committee for a significant budget increase while outlining his agenda for his term at the SEC. As should… Read More

SEC Chairman Gary Gensler to Testify in Front of House Committee on Financial Services, Will Request More Funding

The House Committee on Financial Services will be holding a virtual hearing tomorrow entitled “Oversight of the U.S. Securities and Exchange Commission: Wall Street’s Cop Is Finally Back on the Beat.” SEC Chairman Gary Gensler will traipse back to the Capitol to update the Committee on… Read More

House Subcommittee Holds Hearing on the Future of Banking

Today (September 29, 2021) the House Committee on Financial Services, Subcommittee on Consumer Protection and Financial Institutions, will hold a hearing on the future of banking. Entitled; The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System, the hearing will… Read More

House Fintech Task Force to Meet on Personal Data, Open Banking

The US House Task Force on Financial Technology (Fintech) will convene for a hearing tomorrow (September 21) entitled, “Preserving the Right of Consumers to Access Personal Financial Data.” The Fintech Task Force is part of the House Financial Services Committee. The hearing will involve the… Read More

Gregory Zerzan on CBDCs: A Digital Dollar Could Be a Huge Challenge to Retail Banking

  Next week, the House Committee on Financial Services will hold a hearing on Central Bank Digital Currencies (CBDCs). This is not the first Congressional hearing on CBDCs, nor will it be the last. The concept of a digital dollar, issued by a central bank,… Read More

House Committee on Financial Services Schedules Hearing on Artificial Intelligence, Central Bank Digital Currencies

The House Committee on Financial Services has distributed its schedule for the month of July. Included on the schedule are several Fintech-related topics. On July 16, commencing at 12 PM ET, the Artificial Intelligence Task Force will hold a hearing entitled “I Am Who I… Read More

House Financial Services Committee Testimony Highlights the Need to Improve IPO Market, Increase Access to Private Securities Offerings

Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline… Read More

House Financial Services Committee Adds Working Group Targeting Digital Assets

The House Committee on Financial Services already has two current task forces addressing innovation in financial services. A Task Force on Fintech and a Task Force on Artificial Intelligence. Today, the Committee is adding a “Working Group” addressing Digital Assets. Congresswoman Maxine Waters (D-CA), Chairwoman… Read More

House Fintech Task Force to Discuss CBDCs

On June 15th, the House Financial Services Committee, Task Force on Financial Technology (Fintech) will hold a hearing on central bank digital currency (CBDCs). Entitled, Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies, the hearing will dive… Read More

House Financial Services Committee June Hearings Include CBDCs, Crypto and Possible Financial Ruin

The House Committee on Financial Services has announced its agenda for the month of June. While always subject to change, several hearings should be of note to the Fintech community. First, the Task Force on Fintech (Financial Technology) has scheduled a hearing entitled, “Digitizing the… Read More

House Subcommittee Hearing to Tackle SPACs

This coming Monday, May 24th, the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will hold a hearing entitled Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections. The Subcommittee is part of the powerful House Committee on Financial Services… Read More

GameStopped Hearing Part III: What’s Next for Policymakers?

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

Upcoming House Financial Services Committee Hearings to Include Discussions on SPACs, AI , Big Banks & More

The House Committee on Financial Services has disseminated the May 2021 calendar of hearings that cover a wide range of financial services issues. As has been previously reported, this coming Thursday (May 6), beginning at 12Noon ET, will see the GameStop phenomenon discussed once again…. Read More

Next GameStop Hearing at House Committee of Financial Services to Include SEC Chairman Gary Gensler

Later this week, the House Committee on Financial Services will hold a hearing addressing the GameStop trading phenomenon. This will be the third hearing the Committee will have held on the short squeeze that was partly orchestrated by individual chatting on Reddit. Many of the… Read More

Game Stopped: House Financial Services Committee Schedules 3rd Hearing on GameStop-Robinhood-Reddit Saga

The House Committee on Financial Services has announced the hearing schedule for the month of May. Included in the list is the third, and perhaps final, hearing on the GameStop-Robinhood-Reddit saga. On May 6 at 12PM ET, the full Committee will convene for a virtual… Read More

Fintech and AI Task Forces Reauthorized for 117th Congress by House Committee

Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, has announced the reauthorization of the Financial Technology [Fintech] and Artificial Intelligence [AI] Task Forces for the 117th Congress.  These two Task Forces are relatively new having emerged in the 116th Congress in 2019. The… Read More

Congress to Bring Big Bank CEOs Back to the Hill

The Chairwoman of the House Committee on Financial Services, Maxine Waters, and the Chairman of the Senate Committee on Banking, Sherrod Brown, have jointly announced a new round of hearings that will see the CEOs of the top US banks testify in front of each… Read More

House Financial Services Committee: Game Stopped Part II Scheduled for March 17th

The US House Committee on Financial Services will revisit the GameStop/Reddit/Robinhood fiasco once again in mid-March. The Committee distributed an email last night indicating that a virtual hearing will take place on March 17th, at 12 noon, entitled, “Game Stopped? Who Wins and Loses When… Read More

Gamestop – Robinhood Testimony Out as House Committee on Financial Services Preps for First of Three Hearings

Robinhood

The House Committee on Financial Services will hold the first of three hearings on the Gamestop – Robinhood saga that saw hedge fund short sellers compelled to sell positions in a short squeeze driven by collaborative trading that was organized on Reddit. Entitled, “Game Stopped?… Read More

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