Bloomberg News The Financial Technology Association filed a motion for summary judgment in federal court late Sunday, defending a final rule on consumer financial data rights that the Consumer Financial Protection Bureau under the Trump administration refused to uphold. The FTA said in a court filing that consumers cannot share their data without easy access […]
Fintech group urges court to uphold CFPB’s open banking rule Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. During testimony to the House Financial Services Committee, Federal Reserve Board Chairman Jerome Powell repeatedly evaded questions from members of both parties about the impact of monetary policy on housing. Rep. Rashida Tlaib D-Minn. seemed perplexed or confused by Powell’s assertion that
The Fed chose Treasury markets over housing sanity Read More »
“We are looking at the opportunity to make the 2017 tax relief permanent,” said Senate Leader John Thune during a floor speech on Saturday. “We’re adding to the 2017 tax relief with new pro-growth provisions, like a provision to boost domestic manufacturing by implementing full expensing for new factories and factory improvements. Thanks to the pro-growth provisions
Budget resolution clears a hurdle, more to come Read More »