Calling India one of the United State's "closest partners," U.S. Treasury secretary Janet Yellen said in remarks issued this week that the two countries are partnering on, among other things, a common position on multilateral development bank (MDB) reform
The Federal Reserve recent announcement on June 29 highlighted significant progress in the launch preparations for the highly anticipated FedNow Service.
On July 8, Secretary of the Treasury Janet Yellen met with Vice Premier He Lifeng of the People’s Republic of China to discuss strengthening economic engagement between the United States and China.
A bipartisan group of 132 members of Congress recently filed an amicus curiae brief urging the Supreme Court to uphold the Fifth Circuit's decision on the unconstitutionality of the Consumer Financial Protection Bureau's funding structure as lawmakers push for subjecting the Bureau's funding to congressional appropriations.
U.S. Rep. Pete Sessions (R-Texas) said in a recent news release he believes his sponsored bill, House Resolution 2622, will meet the needs of the investor community, proposing an extension of a temporary no-action letter while conducting a comprehensive study.
Despite ongoing tensions between the United States and China, U.S. Treasuring Secretary Janet L. Yellen said in a social media post she was "glad" to be in the communist nation last week for four days of meetings and diplomacy.
Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee (FSC), introduced two bills last month in response to FinCEN's recent rules update on reporting provisions of beneficial ownership information.
Federal Reserve Chair Jerome Powell said during a June 21 Congressional hearing that Federal Reserve officials consider stablecoins money and accordingly believe the Fed should have a central role in their regulation.