WASHINGTON D.C. — Members of the U.S. House Committee on Financial Services held an amendment debate in the House for H.R. 3621, the Student Borrower Credit Improvement Act. At the debate, Rep. French Hill (AR-02) spoke in opposition to Rep. Lacy Clay’s (MO-01) amendment and encouraged his fellow lawmakers to consider his bipartisan legislation, H.R. 4231, the Credit Access and… Read more »
WASHINGTON D.C. — Congressman French Hill (R-AR) named the Food and Drug Administration (FDA) as the first winner of the Golden Fleece Award in 2020 for failing to issue fines and against clinical trial sponsors who did not disclose their trial results within one calendar year. In 2017, the FDA gained the ability to charge violators who did not disclose trial results $10,000 per… Read more »
PayPal Exec Says Federal Reserve System Needs Fundamental Change
1/30/2020
The Daily Hodl
The House Financial Services Committee held a hearing on Thursday to discuss the rise of fintech and its impact on cash. The committee’s Task Force on Financial Technology, led by ranking member Tom Emmer, focused on how consumers are making payments in the 21st century and how the digital… Read more »
Crypto Upstages Other Mobile Payments in US Congressional Hearing
1/30/2020
CoinTelegraph
Congress clearly has crypto on the brain, with the question of regulation being a matter of when.
At a Jan. 30 hearing before the Fintech Task Force, a body within the United States House of Representatives, lawmakers were focused on bringing crypto into the conversation.
The… Read more »
LITTLE ROCK, Ark. — Today, Rep. French Hill (AR-02) hosted a consumer protection listening session at the University of Arkansas Cooperative Extensive Services. The panel included Hill, Kathy Kraninger, Director of the Consumer Financial Protection Bureau, and Chuck Harder, Deputy Attorney General of Arkansas. The panel gave Arkansans the opportunity to discuss consumer protection… Read more »
Financial protection chief visits state
1/23/2020
Arkansas Democrat Gazette
The head of the federal Consumer Financial Protection Bureau spent Wednesday in Arkansas, meeting with banking executives to get feedback on her organization's work and to better understand the challenges faced by financial institutions.
Kathy Kraninger, director of the agency, also visited the Little… Read more »
LITTLE ROCK, Ark. — Today, Congressman French Hill (AR-02) hosted a "Community Bank Roundtable" with Kathy Kraninger, the Director of the Consumer Financial Protection Bureau (CFPB). At the roundtable, Rep. Hill and Director Kraninger listened to concerns about key regulatory initiatives and legislative issues facing Arkansas's banking community.
"It was a privilege to host… Read more »
Ex-CFTC Chair “Crypto Dad” Wants a Digital U.S. Dollar
1/17/2020
Blockonomi
For the longest time, money has been physical — think rai stones, shells, or the physical and dirty bills we have used for centuries. But, with the introduction of credit into the global economy through credit cards along with digital payment systems like PayPal, Revolut and Venmo, money has started to… Read more »
WASHINGTON, D.C. — The Ranking Member of the House Financial Services Subcommittee on National Security, International Development and Monetary Policy, Congressman French Hill (AR-02), joined Subcommittee Chairman Congressman Emanuel Cleaver (MO-05) in leading a House Financial Services Subcommittee hearing entitled, "A Persistent and Evolving Threat: An Examination of the Financing… Read more »
Global Banks' Inclination For Blockchain And Cryptography.
1/2/2020
EconoTimes
With sovereign governments and their central banks across the globe have been exploring the essence and the opportunities of CBDC (Central Bank Digital Currency) foreseeing a swift transformation phase in the prevailing finance system.
The advanced era of FinTech has come up with the new trends and… Read more »
