Browsing: Congress

Key insight: Sens. Ted Cruz, R-Texas, and Katie Britt, R-Ala., introduced a bill to index the Durbin Amendment’s $10 billion asset threshold to inflation, preventing more…

Maskot | Maskot | Getty ImagesEfforts in Congress to create a federal “click to cancel” rule — intended to make canceling subscriptions as easy as it…

President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his social media post this month ordering…

Key insight: Congress faces renewed pressure to update bank rules shaped by the 2023 midsize bank failures, set rules for the crypto industry and resolve disputes…

Banks are beginning to engage with decentralized finance. But until lawmakers create a foundation for allowing legally recognized entities like LLCs and nonprofits to govern these…

What’s at Stake: Acting CFPB Director Russell Vought is dismantling the Consumer Financial Protection Bureau. He had refused to respond to any questions about his actions…

Richard Stephen | Istock | Getty ImagesEven before they start receiving Social Security checks, millions of Americans rely on the Social Security Administration for information on…

Key insight: Bank regulators plan to continue with tailoring exercises and other deregulation. Forward look: The regulators should be back in the Senate Banking Committee in the…

What’s at stake: Legislation that could rewrite the financial system, like deposit insurance and market structure bills, are up for debate in the coming months in…

Former member of Congress and current chairman of Forbright Bank John Delaney calls on lawmakers to pass several reforms that would allow banks to take back…