August 16, 2023
Top Lines Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra delivered remarks at a White House roundtable on protecting Americans from harmful data broker practices. In his remarks, Director Chopra announced that the CFPB is launching a rulemaking to develop rules that would define data brokers that sell certain types of consumer data as consumer […]
August 11, 2023
Top Lines President Biden issued an executive order (EO) on addressing United States investments in certain national security technologies and products in countries of concern. Specifically, the EO addresses these countries’ developing and exploiting sensitive or advanced technologies and products critical for military, intelligence, surveillance, or cyber-enabled capabilities. The EO provides for the establishment of […]
August 9, 2023
Top Lines The Federal Reserve Board provided additional information on its program to supervise novel activities in the banks it oversees. Novel activities include complex, technology-driven partnerships with non-banks to provide banking services to customers and activities that involve crypto assets and distributed ledger technology. The Board also provided additional information on the process for […]
August 4, 2023
Top Lines Vice President Kamala Harris announced the initial awardees under the Minority Business Development Agency (MBDA) Capital Readiness Program (CRP) – a technical assistance program funded by the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI). The Treasury Department has increased its previously announced support for the CRP, to a total […]
August 2, 2023
Top Lines This month marks the five year anniversary of FS Vector! Read a note from our Co-Founder and CEO John Beccia here. Weekly Wrap Up The Biden-Harris Administration unveiled its National Cyber Workforce and Education Strategy, aimed at addressing immediate and long-term cyber workforce and cybersecurity needs. The Department of the Treasury, as Chair of […]
July 28, 2023
Top Lines The Financial Stability Oversight Council (FSOC), during the executive session, heard a presentation from staff from the Treasury, Federal Housing Finance Agency, and Ginnie Mae regarding efforts to address financial stability risks related to nonbank mortgage servicers. Treasury and Office of the Comptroller of the Currency (OCC) staff also informed the FSOC on […]
July 21, 2023
Top Lines Congressmen Glenn “GT” Thompson (R-PA), Chairman of the House Committee on Agriculture, French Hill (R-AR), Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, and Dusty Johnson (R-SD), Chairman of the Subcommittee on Commodity Markets, Digital Assets, and Rural Development, introduced H.R. 4763, the Financial Innovation and Technology for the 21st […]
July 14, 2023
Top Lines Today, the House of Representatives passed the National Defense Authorization Act for Fiscal Year 2024 (NDAA) in a 219-210 vote, with the bill passing mostly along party lines as opposed to with bipartisan support. Next, the legislation will head to the Senate, which is working on its own version of the NDAA, before […]
July 7, 2023
Top Lines President Biden nominated Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to fill Republican slots at the Federal Trade Commission (FTC). U.S. Senators Sherrod Brown (D-OH), Bob Menendez (D-NJ), Jack Reed (D-RI), and Tina Smith (D-MN) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra urging him […]
June 30, 2023
Top Lines The American Fintech Council (AFC), the premier industry association representing responsible fintech companies who deliver critical access to safe and affordable financial services, has announced a new strategic alliance with FS Vector. FS Vector will partner with AFC to promote responsible innovation in financial services, advocate for important regulatory modernization and curate unique […]