CA National Regulation 
PYMNTS
APRIL 25, 2017
TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it.
PYMNTS
JUNE 19, 2019
Facebook is facing more opposition regarding its cryptocurrency , with Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, calling for a moratorium on the digital currency. Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data.
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South State Correspondent
JANUARY 16, 2024
Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY.
PYMNTS
JUNE 20, 2019
Facebook, I believe, has made quite broad rounds around the world with regulators, supervisors and lots of people to discuss their plans and that certainly includes us,” Powell said on Wednesday (June 19), according to CNBC. Libra is designed to be a stablecoin, pegged to the value of government-issued currencies.
PYMNTS
FEBRUARY 15, 2017
Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.
PYMNTS
MARCH 16, 2016
Although the CFPB has claimed, in many cases, that it allows many smaller banks and credit unions to be exempt from many of the regulations, the congressional members have expressed fear that the bureau may not be doing enough to ensure those smaller financial institution aren’t unnecessarily regulated.
PYMNTS
JUNE 18, 2019
Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA). Justin Amash (R-MI, 3rd) and Zoe Lofgren (D-CA, 19th), have the support of groups such as the ACLU, the EFF, FreedomWorks, New America and the Sunlight Foundation. The amendment’s authors, Reps.
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