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Congressional Committees Financial Services Industry Financial Institutions

Orrick, Herrington & Sutcliffe LLP

Congressional Financial Services Committee members pen letter to CFPB requesting explanation for a $0 funding request

On February 11, the ranking members from both the House Committee on Financial Services and the House Subcommittee on Financial Institutions sent a letter to CFPB Acting Director Russell Vought expressing concerns regarding...more

Ballard Spahr LLP

Durbin 2.0 Congressional Research Service Report Indicates Uncertainty of Routing Restrictions Impacts on Industry

Ballard Spahr LLP on

On December 13, 2023, the Congressional Research Service issued a report titled How the Credit Card Competition Act of 2023 Could Affect Consumers, Merchants, and Banks highlighting potential issues for Congress....more

BCLP

From physical to digital - the advancements of a retail uk central bank digital currency

BCLP on

On 28 February 2023, the House of Commons Treasury Committee questioned representatives from the Bank of England (the “BoE”) on the latest developments on its plans for the proposed UK Central Bank Digital Currency (“CBDC”)....more

McDermott Will & Schulte

Congressional Investigations during the 117th Congress: What to Expect

Although control and leadership of the US House of Representatives did not change hands as a result of the 2020 elections, President Joe Biden’s victory and the Democrats’ Senate runoff victories in Georgia are already having...more

King & Spalding

Financial Services Industry Back Under Congress’ Microscope

King & Spalding on

Investigations into financial services companies are expected to heat up during the 117th Congress, with Democratic leadership already signaling interest - With a newly seated Democratic majority in both chambers, we...more

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