Bank, Credit card, Money, Financial services, Economics, Finance

Congress weighs crypto payments and fintech lending in hearing today

On Sep 29, 2020
@Cointelegraph shared
Where is the line between consumer protection and paranoia? https://t.co/l0WKRpN51I
Open

Despite skepticism about loosening regulations on loans, the Fintech Task Force couldn't stop talking about crypto as a way of upgrading payments in the U.S.

cointelegraph.com
On Sep 29, 2020
@Cointelegraph shared
Where is the line between consumer protection and paranoia? https://t.co/l0WKRpN51I
Open

Congress weighs crypto payments and fintech lending in hearing today

Congress weighs crypto payments and fintech lending in hearing today

Despite skepticism about loosening regulations on loans, the Fintech Task Force couldn't stop talking about crypto as a way of upgrading payments in the U.S.

Crypto Upstages Other Mobile Payments in US Congressional Hearing

Crypto Upstages Other Mobile Payments in US Congressional Hearing

At a hearing before Congress today on the rise of alternatives to cash, crypto took centerstage, with many representatives clearly invested in learning more about the space.

Facebook crypto project ambitions threatened by regulators: Fitch

Facebook crypto project ambitions threatened by regulators: Fitch

Facebook may reap steady profits from its foray into cryptocurrency, but its ambitions may be curtailed by intense and costly scrutiny from bank and financial market lenders, according to a ...

Fintech task force primary focus: Cryptocurrencies and the need to support innovation

Fintech task force primary focus: Cryptocurrencies and the need to support innovation

Fintech Task Force are no doubt watching cryptos and blockchain technology as solutions to problems posed by not financially included persons and a slow payment

Libra Head Defends Crypto Project To House Financial Services Chair

Libra Head Defends Crypto Project To House Financial Services Chair

The head of Facebook’s new cryptocurrency project, Libra, is defending the company in a letter to Rep. Maxine Waters (D-CA) and other members of the House Financial Services Committee. ...

Supporters Of Digital Currency Say Pandemic Bolsters Case For A New Approach

Supporters Of Digital Currency Say Pandemic Bolsters Case For A New Approach

Widespread unemployment and economic turmoil as a result of the coronavirus pandemic mean people are looking for government relief fast, which some say could open up the possibility for a ...

Congressional Democrats demand Facebook halt its Libra cryptocurrency rollout

Congressional Democrats demand Facebook halt its Libra cryptocurrency rollout

Democrats in the House of Representatives officially called on Facebook to halt its plans to establish its Libra cryptocurrency, arguing that regulators and Congress need to weigh in before ...

Crypto-Friendly US Congress Members Join New Fintech Task Force

Crypto-Friendly US Congress Members Join New Fintech Task Force

The U.S. House of Representatives is launching a task force to examine financial technology, including blockchain.

Crypto Comparison: Why Bitcoin and Libra Are Vastly Different

Crypto Comparison: Why Bitcoin and Libra Are Vastly Different

As House and Senate committees gear up for hearings on Facebook's Libra cryptocurrency this week, let's break down why the structure, technology, and goals of the digital currency are ...

Maxine Waters threatens Facebook’s cryptocurrency plans

Maxine Waters threatens Facebook’s cryptocurrency plans

Amid the public backlash, there are signs that Facebook's behind-the-scenes lobbying push is falling flat.

Why Congress considered a digital dollar in its coronavirus response

Why Congress considered a digital dollar in its coronavirus response

The coronavirus stimulus package has resurrected calls for the U.S. government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that ...

Amid Consumer Behavior During Covid-19, Congress Examines Granting Fintech Bank Charters

Amid Consumer Behavior During Covid-19, Congress Examines Granting Fintech Bank Charters

On Tuesday, September 29 at 12pm, the Task Force on Financial Technology will hold a hearing entitled, “License to Bank: Examining the Legal Framework Governing Who Can Lend And Process ...

House Dems want the Fed to open their digital banking services

House Dems want the Fed to open their digital banking services

Months after IRS began doling out stimulus checks, tens of millions of Americans have yet to receive their share. Experts are calling for better tech and expanded access to the banking ...

Facebook Crypto Libra is the ‘World’s Worst Product Launch EVER’, Rips Analyst

Facebook Crypto Libra is the ‘World’s Worst Product Launch EVER’, Rips Analyst

An analyst has branded the mid-June announcement of Facebook's Libra cryptocurrency as the 'world's worst product launch ever' on CNBC.

Facebook’s Libra Crypto Launch Is Giving Jitters to Australian Banks

Facebook’s Libra Crypto Launch Is Giving Jitters to Australian Banks

Austrlian Banks are getting nervous after the announcement of Facebook's Libra coin as they see the cryptocurrency to be an imminent threat on their business model.

6 Fintech Innovations That Will Change Your Life

6 Fintech Innovations That Will Change Your Life

You’ve encountered chatbots and online banking, but these tools only scratch the surface of what Fintech has already accomplished.

Bitcoin, Crypto and Fintech Loom As Banking Insider Spells Out Threat

Bitcoin, Crypto and Fintech Loom As Banking Insider Spells Out Threat

Fintech solutions, new payment rails and the rapid pace at which the financial sector is changing is putting massive pressure on the incumbents, and Jim Aramanda is urging the banking ...

Libra in Congress: A Chance to Define What Bitcoin Is and What Libra Isn’t

Libra in Congress: A Chance to Define What Bitcoin Is and What Libra Isn’t

The House of Representatives Financial Services Committee hearing, following in the footsteps of the Senate Banking Committee’s own earlier this week, went on for a grueling six-and-a-half ...

Facebook has been asked to halt its crypto plans — again

Facebook has been asked to halt its crypto plans — again

The US House Financial Services Committee has written Facebook a letter asking the tech giant to put a hold on the development of its crypto, Libra.