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Tag : Fintech regulations

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Why Washington mobilized so quickly against Facebook’s crypto plans

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It took less than 24 hours after Facebook announced its foray into cryptocurrency for Washington to mobilize against it. House Financial Services Committee Chairman Maxine
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As California mulls rules for payday loan alternative, rifts emerge

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Startups that provide early access to workers’ earned wages are jostling over key aspects of pending California legislation that would create the nation’s first-ever regulatory
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Google flirts with bank charter, digital disruption, Truist fallout: Top stories of the week

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Bloomberg News Dozens of companies, including Google and PayPal, met with OCC officials last year in part to discuss obtaining a new fintech charter, but
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'The OCC needs to get its house in order': Comments of the week

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Readers weigh in on big tech companies walking away from OCC’s fintech charter, House committee wanting Facebook to halt Libra, calls to stop Congress from
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Senate Banking panel sets hearing on Facebook’s Libra

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WASHINGTON — The Senate Banking Committee has scheduled a hearing for next month to examine Facebook’s proposed cryptocurrency, just one day after the social network
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Maxine Waters calls for halt to Facebook’s cryptocurrency plans

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WASHINGTON — Top Democratic and Republican leaders of the House Financial Services Committee called Tuesday for Facebook to appear before Congress to testify on its