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The House Financial Services Committee said Thursday (July 24) that it advanced 16 bills to be considered by the full House of Representatives.
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The bills were advanced during a two-day full committee markup, the committee said in a Thursday press release.
“We marked up a broad range of bipartisan priorities that reflect our shared commitment to strengthening the...
Perhaps one of 2025’s most surprising events has been the legitimization of stablecoins within traditional finance.
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This legitimization is coming from the Oval Office, with this week marking the first in U.S. history with a clear regulatory framework for stablecoin issuers and crypto firms to operate under after the GENIUS Act was signed into law by President Donald...
RadCred added an expanded soft-pull pre-qualification flow to its online loan marketplace.
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The offering is meant to meet the needs of borrowers who have poor credit scores, the company said in a Friday (July 25) press release.
The solution uses a soft credit check; shows only state- or tribal-licensed direct lenders that can legally lend to the borrower; and provides...
The White House released a policy roadmap detailing President Donald Trump’s strategy to maintain U.S. leadership in the global artificial intelligence (AI) race. The plan emphasizes deregulation, infrastructure development, tighter export controls and freedom of speech for chatbots.
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Among its stipulations, the “America’s AI Action Plan” mandates that AI systems are...
American businesses are reportedly absorbing most of the cost of new U.S. tariffs.
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In recent earnings reports, General Motors said it paid $1 billion in tariffs in the second quarter, Stellantis said it paid $350 million and Hasbro said it expects to pay $60 million during the full fiscal year, The Wall Street Journal (WSJ) reported Thursday (July 24).
Last month, Nike...
Google is rolling out an experimental new feature that will organize traditional search results using artificial intelligence.
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It’s the latest strategy by the company to protect its most profitable business from AI chatbots.
Called Web Guide, the feature will group classic search results by topic, instead of merely presenting a jumble of links, according to a Thursday (...
As small businesses navigate an uncertain macro environment, they’re turning to nonbank lenders to gain access to capital.
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FinTech Enova on Thursday (July 24) reported earnings indicating that consumers, too, particularly those in the non-prime designations, are moving to the platform model for funds.
At a high level, the results may bode well for originations momentum...
Digital asset platform OSL Group secured $300 million in an equity financing round to accelerate its global expansion.
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The Hong Kong-based, listed and licensed company said in a Friday (July 25) press release that it will use the new capital to expand globally through potential licensing, acquisitions, partnerships and transactions; develop new payments and stablecoin...
You get what you pay for.
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In luxury real estate, that might just mean getting a mansion in exchange for cryptocurrency.
Christie’s International Real Estate established a dedicated crypto transactions division, becoming the first major luxury brokerage to support fully crypto-native property deals without fiat conversion or reliance on traditional banks, The New York...
Banks are reportedly increasing their efforts to promote credit cards to higher-income consumers while raising the qualification requirements for lower-income ones.
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Overall, the number of new credit card openings dropped for the first time in more than a year in the second quarter, The Wall Street Journal (WSJ) reported Friday (July 25).
Compared to the same quarter a...