November 17, 2023
Top Lines President Biden signed a short-term funding bill Thursday to avert a government shutdown Saturday. The bill passed the House on Tuesday and the Senate on Wednesday with overwhelming bipartisan support. The continuing resolution, or CR, will fund part of the government — including the Agriculture, Transportation, Housing and Urban Development and Veterans Affairs […]
November 15, 2023
Top Lines The House passed a short-term funding bill Tuesday that would avert a government shutdown Saturday. The vote was 336-95, with 209 Democrats and 127 Republicans voting to support it. The continuing resolution, or CR, would would fund part of the government — including the Agriculture, Transportation, Housing and Urban Development and Veterans Affairs […]
November 8, 2023
Top Lines The Consumer Financial Protection Bureau (CFPB) proposed supervising large nonbank companies that offer services like digital wallets and payment apps via a notice of proposed rulemaking for consumer payments. The proposed rule would require nonbank financial companies – specifically those companies handling more than 5 million transactions per year – to adhere to […]
November 3, 2023
Top Lines The Financial Stability Oversight Council (FSOC) unanimously voted to issue final versions of a new analytic framework for financial stability risks and updated guidance on the Council’s nonbank financial company determinations process. The updated Guidance for Nonbank Financial Company Determinations (Nonbank Designations Guidance) sets forth the Council’s procedures for considering whether to designate […]
November 1, 2023
Top Lines The Biden Administration issued its Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (EO). The EO issues directives to over twenty federal agencies to monitor the risks of artificial intelligence (AI) and develop new use cases for AI while aiming to protect workers and consumers. The Office […]
October 27, 2023
Top Lines The White House on Monday will host an event on “safe, secure, and trustworthy artificial intelligence,” and officials are expected to announce the Artificial Intelligence Executive Order during the event, scheduled for 2:30 pm ET. Consumer Financial Protection Bureau (CFPB) Enforcement Director Eric Halperin delivered remarks at the NCLC Consumer Rights Litigation Conference. […]
October 25, 2023
Top Lines Rep. Mike Johnson (R-LA) was elected Speaker of the House of Representatives on Wednesday, garnering unanimous support from Republicans. Rep. Johnson received 220 votes, and Democratic Leader Hakeem Jeffries (D-NY) received 209 votes. The White House on Monday, October 30, will host an event on “safe, secure, and trustworthy artificial intelligence,” and officials […]
October 20, 2023
Top Lines Rep. Jim Jordan (R-OH) lost an internal ballot to remain the GOP speaker nominee, hours after failing to win the speakership in a third round of floor voting on Friday. On the third ballot, 25 Republicans voted against Rep. Jordan, up from 22 in the second round and 20 in the first. Rep. […]
October 18, 2023
Top Lines The Senate voted 53-44 to approve S.J. Res. 32, a resolution overturning the implementation of the Consumer Financial Protection Bureau’s (CFPB) final rule under Section 1071 of the Dodd-Frank Act requiring lenders to report demographic data on small-business loan recipients. The House of Representatives must still act on the resolution. The White House threatened […]