Tagged: house committee on financial services

May 26, 2022 @ 7:50 am By JD Alois  |  

Below is the prepared statement issued by Fed Vice Chair Lael Brainard published in advance of the House Committee on Financial Services hearing scheduled for later today. As was previously reported, Brainard will review the topic of Central Bank Digital Currencies (CBDCs) and the potential… Read More

May 26, 2022 @ 7:36 am By JD Alois  |  

Lael Brainard, the Vice-Chair of the Board of Governors at the US Federal Reserve, will testify today at the House Committee on Financial Services on the hot topic of Central Bank Digital Currencies (CBDCs). The Fed is currently researching the viability of a digital dollar… Read More

May 5, 2022 @ 2:46 pm By JD Alois  |  

The US House Committee on Financial Services has distributed its May Committee schedule. Several hearings of note are on the list. First, on May 11th at 10 AM ET, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a hybrid hearing entitled,… Read More

April 28, 2022 @ 8:51 am By JD Alois  |  

The House Committee on Financial Services has a busy day planned. Frist, a full Committee hearing is scheduled to address “Oversight of the Financial Crimes Enforcement Network”  or FinCEN. FinCEN is the enforcement arm of the US Department of Treasury. Himamauli “Him” Das, Acting Director… Read More

April 26, 2022 @ 8:24 pm By JD Alois  |  

Rohit Chopra, the Director of the Consumer Financial Protection Bureau (CFPB) will visit with the House Committee on Financial Services tomorrow (April 27) for the semi-annual report on the CFPB. Included in the Hearing Memo, among other items, is the topic of “Responding to Emerging… Read More

March 29, 2022 @ 6:23 pm By JD Alois  |  

The House Committee on Financial Services has distributed its calendar of hearings for the month of April.  While subject to change, there are several topics of interest that may involve the Fintech sector. On April 27, the Committee will engage with the Consumer Financial Protection… Read More

March 28, 2022 @ 4:02 pm By JD Alois  |  

This coming Wednesday, March 30, 2022, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, will hold a hearing on “Oversight of America’s Stock Exchanges: Examining Their Role in Our Economy.” The Subcommittee is part of the House Committee on Financial Services. According to the… Read More

March 22, 2022 @ 5:23 pm By JD Alois  |  

The House Committee on Financial Services has updated its schedule of hearings for the month of March. Next week, for Fintech insiders there will be several hearings of interest as follows: March 30 at 10:00 AM ET: The Task Force on Artificial Intelligence will convene… Read More

February 10, 2022 @ 5:44 pm By JD Alois  |  

Earlier this week, the House Committee on Financial Services held a hearing on stablecoins or digital assets tied to fiat currency. The Hearing was driven by the recent report by the President’s Working Group (PWG) on Financial Markets. While stablecoins are not (yet) systemically worrisome,… Read More

February 7, 2022 @ 10:56 pm By JD Alois  |  

The House Committee on Financial Services will hold a virtual hearing tomorrow (February 8) with a single witness scheduled to testify. The hearing entitled, “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins” will involve the testimony… Read More

January 25, 2022 @ 8:54 pm By JD Alois  |  

The House Committee on Financial Services has posted the February hearing schedule and digital assets are on the list. According to an email from the Committee on February 8, 10 AM ET, a hearing will be held entitled “Digital Assets and the Future of Finance:… Read More

January 24, 2022 @ 6:02 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has sent a public letter to Congresswoman Maxine Waters, Chair of the House Financial Services Committee, requesting they work together to allow digital assets to “flourish.” Both Representatives have recently issued public statements… Read More

December 1, 2021 @ 2:44 pm By JD Alois  |  

The House Financial Services Committee has announced the list of witnesses scheduled to testify at a hearing entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”  The witnesses include many of the biggest names… Read More

November 21, 2021 @ 4:46 pm By JD Alois  |  

Digital assets, or crypto assets, are once again on the schedule for a hearing of the House Financial Services Committee. Scheduled for December 8 at 10:00 AM ET,  the full Committee will gather for a hybrid hearing entitled, “Digital Assets and the Future of Finance:… Read More

November 15, 2021 @ 4:08 pm By JD Alois  |  

Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live… Read More

October 11, 2021 @ 10:27 pm By JD Alois  |  

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

October 5, 2021 @ 9:20 am By JD Alois  |  

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

October 4, 2021 @ 9:53 pm By JD Alois  |  

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

September 29, 2021 @ 9:26 am By JD Alois  |  

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

September 20, 2021 @ 6:53 pm By JD Alois  |  

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