Today marks a historic milestone in U.S. digital asset policy. The President signed the GENIUS Act into law following its bipartisan passage by 308-122 in the House on July 17 and 68-30 in the Senate on June 17. The GENIUS...more
The House Financial Services Committee on March 5 took the first step toward repealing the CFPB’s overdraft rule, adopting a resolution under the Congressional Review Act. ...more
The CFPB has released its Fall 2023 rulemaking agenda as part of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions. The agenda’s preamble indicates that “[t]he Bureau reasonably anticipates having...more
The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more
The House and Senate will reconvene Tuesday at 2 p.m. and Monday at 3 p.m., respectively....more
On Wednesday, February 5, the House Financial Services Committee will hold the first part of a two-part hearing on “rent-a-bank” structures. The hearing is titled “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to...more
The House Financial Services Task Force on Artificial Intelligence will hold a hearing entitled, “The Future of Identity in Financial Services: Threats, Challenges, and Opportunities,” at 9:30 a.m. on Thursday, September 12,...more
On August 23, 2019, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, outlined her fall 2019 priorities. The Committee and its task forces will continue their focus on innovation and...more
The new task forces will hold hearings, conduct investigations, and issue reports to the full HFSC about the task forces' findings and recommendations - The House Financial Services Committee ("HFSC") recently passed...more
On May 9, 2019, the House Financial Services Committee voted to establish two task forces dedicated to studying technological innovations that impact the financial services arena: a FinTech Task Force and an Artificial...more
Rep. Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, recently delivered her first policy speech in the 116th Congress. In her remarks, Chairwoman Waters included fintech as one of the priority...more
On January 16, 2019, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, outlined her priorities during her first policy speech in the 116th Congress. In her remarks, she indicated the...more
Republican Congressman Patrick McHenry, Vice Chair of the House Financial Services Committee, has introduced the “Financial Services Innovation Act of 2016,” which is intended to provide a streamlined regulatory process for...more