Financial Services
Examining the President’s Working Group on Financial Markets Report on Stablecoins (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Examining the President’s Working Group on Financial Markets Report on Stablecoins Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date February 15, 2022 Hearing Takeaways: Stablecoins: The hearing was focused on stablecoins and how U.S. policymakers were approaching this novel payments technology. Stablecoins are cryptocurrencies that have their values pegged to […]
Examining Mandatory Arbitration in Financial Service Products (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Examining Mandatory Arbitration in Financial Service Products Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date March 8, 2022 Hearing Takeaways: Mandatory Arbitration Agreements: The hearing focused on the use of mandatory arbitration agreements in financial service product contracts. These agreements bind financial institutions and consumers to make use of arbitration […]
Understanding the Role of Digital Assets in Illicit Finance (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Understanding the Role of Digital Assets in Illicit Finance Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date March 17, 2022 Hearing Takeaways: Use of Digital Assets and Cryptocurrencies in Illicit Finance: The hearing focused on the role of digital assets and cryptocurrencies in illicit finance, including in the facilitation of […]
Keeping Markets Fair: Considering Insider Trading Legislation (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Keeping Markets Fair: Considering Insider Trading Legislation Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date April 5, 2022 Hearing Takeaways: Insider Trading Policy and the Insider Trading Prohibition Act: The hearing mainly focused on how the U.S. currently prosecuted insider trading and the proposed Insider Trading Prohibition Act, which would […]
What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments (U.S. House Committee on Financial Services, Task Force on Financial Technology)
Hearing What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments Committee U.S. House Committee on Financial Services, Task Force on Financial Technology Date April 28, 2022 Hearing Takeaways: Digital Wallets and Peer-to-Peer Payment Applications: Task Force Members and the hearing’s witnesses expressed interest in the growth in the […]
Excessive Swipe Fees and Barriers to Competition in the Credit and Debit Card Systems (U.S. Senate Committee on the Judiciary)
Hearing Excessive Swipe Fees and Barriers to Competition in the Credit and Debit Card Systems Committee U.S. Senate Committee on the Judiciary Date May 4, 2022 Hearing Takeaways: Use of Swipe Fees in the U.S. Payments System: The hearing focused on how interchange fees (also known as swipe fees) were used in the U.S. […]
Examining Student Loan Servicers and Their Impact on Workers (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Examining Student Loan Servicers and Their Impact on Workers Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date May 5, 2022 Hearing Takeaways: Student Debt in the U.S.: The hearing focused on the large amount of student debt held by U.S. borrowers and policy solutions for addressing these high debt amounts. […]
A Notch Above? Examining the Bond Rating Industry (U.S. House Committee on Financial Services, Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets)
Hearing A Notch Above? Examining the Bond Rating Industry Committee U.S. House Committee on Financial Services, Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets Date May 11, 2022 Hearing Takeaways: Notching: The hearing largely focused on the practice of notching amongst bond rating agencies. Notching refers to the practice where a rating agency insists […]
Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models (U.S. House Committee on Agriculture)
Hearing Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models Committee U.S. House Committee on Agriculture Date May 12, 2022 Hearing Takeaways: FTX’s Proposal to Offer Direct Clearing: The hearing focused on FTX’s current application with the U.S. Commodity Futures Trading Commission (CFTC) to offer direct clearing for margined futures contracts. […]
Addressing Climate Change with Energy-Efficient and Resilient Housing (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Addressing Climate Change with Energy-Efficient and Resilient Housing Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date May 18, 2022 Hearing Takeaways: Federal Efforts to Promote Energy Efficient Housing and Home Appliances: The hearing largely focused on federal policies to promote energy efficient homes and home appliances (with a particular emphasis […]
Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency (U.S. House Committee on Financial Services)
Hearing Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency Committee U.S. House Committee on Financial Services Date May 26, 2022 Hearing Takeaways: Proposals to Establish a U.S. Central Bank Digital Currency (CBDC): The hearing focused on the U.S. Federal Reserve’s consideration of CBDCs […]
Considering the Index Fund Voting Process (U.S. Senate Committee on Banking, Housing, and Urban Affairs)
Hearing Considering the Index Fund Voting Process Committee U.S. Senate Committee on Banking, Housing, and Urban Affairs Date June 14, 2022 Hearing Takeaways: Index Funds: The hearing largely focused on the popularity of index funds within the U.S. and how these funds impact U.S. corporate governance. Index funds are financial instruments that encompass […]