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House Financial Services Committee forms AI working group

House Financial Services Committee forms AI working group
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United statesAndrew morrisAl drago bloombergMaxine watersStephenf lynchPhil goldfederPatrick mchenryLeaders of the house financial services committeeFinancial technology associationFinancial technologyAmerican fintech councilConsumer financial protection bureauHouse financial services committeeFrench hillRepresentative french hillChairman patrick mchenry

US Legislation Would Temporarily Ban Algorithmic Stablecoins Like Terra: Bloomberg

The latest draft of crypto legislation also provides a pathway for banks to issue their own reserve-backed stablecoins.

Janet yellenLeaders of the house financial services committeeHouse financial services committeeMaxine watersPatrick mchenryTreasury secretary janetCrypto legislation

The economic cost of racial inequality

The Treasury’s top economist and first counselor for racial equity detailed the economic barriers that people of color and other marginalized communities have faced in the U.S.

United statesUnited kingdomFreddie macAndrew desiderioJanis bowdlerJoe bidenEmma bubolaBloomberg allyson versprilleKaty odonnellDavid harrisonBen harrisGreg ipReuter david lawderEshe nelsonJennifer scholtesGt thompsonr pa

Will banks be pulled into GameStop uproar?

Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions.

New yorkUnited statesJerome powellJanet yellenIsaac boltanskyRichard huntMarcus stanleyGregg gelzinisIan katzMaxine watersDennis kelleherGreg baerFinancial stability oversight councilFederal reserve bankHouse financial services committeeCompass point research trading