Financial Services

Beneficial Ownership Data Needn’t Oppress By French Hill in the Wall Street Journal Letter to the Editor: Thank you for your recent editorial, A New Small Business Burden, highlighting the unintended consequences of a new beneficial ownership bill moving through the House. I’ve been speaking out about this legislation, called the Corporate Transparency Act, for quite some time. I… Read more »

Click HERE or on the picture above to watch Congressman Hill's interview with Bloomberg TV about Facebook's proposed cryptocurrency. … Read more »

  Congressman Hill delivers his opening remarks at Wednesday's Financial Services hearing examining Facebook's proposed cryptocurrency, "Libra." WASHINGTON, D.C. — Today, Congressman French Hill (AR-02), Ranking Member of the House Financial Services Financial Technology (FinTech)… Read more »

 Click HERE or on the video above to watch Congressman Hill's questions from Wednesday's House Financial Services hearing examining Facebook's proposed cryptocurrency "Libra." WASHINGTON, D.C. — Today, Congressman French Hill (AR-02), Ranking Member of the House Financial Services Financial… Read more »

Facebook Continues to Face Intense Congressional Scrutiny at House Financial Service Committee Hearing By Broadband Breakfast WASHINGTON, July 17, 2019 - Facebook’s digital currency platform Calibra continues to be the focus of intense congressional scrutiny. On Wednesday, it was from the House Committee on Financial Services. Chairman Patrick McHenry, R-N.C., said the committee wanted… Read more »

 Click HERE or on the picture above to watch Congressman Hill's questions from this week's House Financial Services Committee hearing.  WASHINGTON, D.C. — This week, Congressman French Hill (AR-02) participated in a House Financial Services Committee hearing titled, “Building a… Read more »

Federal banking regulators adopt final rule to exclude community banks from Volcker Rule By TB&P Five federal financial regulatory agencies announced on Tuesday (July 9) that they adopted a final rule to exclude community banks from the so-called Volcker Rule, which restricts banking institutions from engaging in certain proprietary trading and having certain relationships with… Read more »

Policy Makers Examine the Disparate Impact Risk of Artificial Intelligence and Underwriting By Lexology Policy makers are showing increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. The concerns surrounding AI echo views on credit scoring and automated underwriting systems when they were first deployed decades ago. Congress and… Read more »

Hill leads new bipartisan AI task force on mission to foster innovation in financial sector By The Ripon Advance The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first… Read more »

WASHINGTON, D.C. — Ranking Member of the House Financial Services Committee Task Force on Artificial Intelligence (AI), Congressman French Hill (AR-02), helped lead the newly formed task force in its first hearing entitled, "Perspectives on Artificial Intelligence: Where We Are and the Next Frontier in Financial Services." Watch Congressman Hill’s opening remarks from the… Read more »