FDIC’s Hill testifies on bank supervision during nomination hearing
FDIC Acting Chairman Travis Hill appeared before the Senate Banking Committee for his nomination hearing, where he once again pledged ...
Tag: Congress
Lawmakers, policymakers express concern about interest-bearing stablecoins
Several policymakers raised concerns with media outlets in recent days about a loophole in the Genius Act that allows stablecoin ...
House Democrats express ‘deep concern’ about cuts at CDFI Fund
The CDFI Fund and the institutions it serves are “an essential and vital source of capital and financial services to ...
ABA, associations oppose bill to set credit card, loan fee cap
A proposed bill to establish a nationwide cap on fees and interest on credit cards and consumer loans would have ...
Republican lawmakers urge Trump officials to preserve CDFI Fund
More than 100 Republican lawmakers have signed a letter requesting the Trump administration continue to carry out the statutory obligations ...
Senators propose raising BSA reporting thresholds
A proposed Senate bill would raise the reporting thresholds for currency transaction reports and suspicious activity reports and require the ...
Sen. Budd calls for federal preemption of AI regulation
As banks expand their deployment of artificial intelligence tools, Sen. Ted Budd (R-N.C.) called for federal regulation to preempt state ...
Lawmakers defend CDFI Fund after staff layoffs
In related news, a federal judge issued a temporary restraining order preventing the Trump administration from firing more than 4,000 ...
Sen. Scott seeks more info from FDIC on deposit insurance reform
As lawmakers consider deposit insurance reform, Senate Banking Committee Chairman Tim Scott (R-S.C.) is asking the FDIC to provide additional ...
Trump nominates Hill as FDIC chairman
President Trump has nominated Travis Hill to be FDIC chairman. Hill has served as acting chairman of the agency since ...
