In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
News & Insights
In its Annual Economic Report, dated June 23, 2019, the Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.
The Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.
The Consumer Financial Protection Bureau will exempt certain financial institutions from the requirement of providing privacy disclosures concerning the treatment of nonpublic personal information about consumers.
Board of Governors of the Federal Reserve System member Lael Brainard discussed the importance of facilitating FinTech innovation while also allowing consumers to maintain control over their financial data.