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Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testim...

Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the...

Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use c...

[inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing, bureaucratic overreach or Consumer Protection, examining the cfpbs latest action to restrict competit...

Cspan is your unfiltered view of governnt funded by these Television Companies and more, including mediaome. At media, we believe that whether you ver here, or in the little of anywhere, you should have access to fast reliable internet. Thats why were leadinghe way taking you to 10 g. Mediacom supports he spent as a Public Service along with these other Television Providers giving you a front row seat to democracy. Up next, financial and Technology Stakeholders share their thoughts on the proposed rule to regulate payment apps and digital wallets. Backers say it is necessary to protect consume...