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Home > BSA/AML & Consumer Protection > Congress To Hold Hearing On ‘Digital Dollar’ Options For Possible Future Stimulus Payments
Jun10 - 20

Congress To Hold Hearing On ‘Digital Dollar’ Options For Possible Future Stimulus Payments

The House Financial Services Committee will be holding a hearing to discuss the use of digital tools to improve the delivery of stimulus payments. The Task Force on Financial Technology, created along with the Task Force on Artificial Intelligence last year by Chairwoman Maxine Waters (D-CA), has responsibilities examining revisions to FinTech regulation including the legal and regulatory structure of consumer protections, data privacy issues, and consumer engagement.

Congressman Stephen Lynch (D-MA), who serves as Chair of the FinTech Task Force, will oversee a hearing this Thursday at 12pm ET titled, “Inclusive Banking During a Pandemic: Using FedAccounts and Digital Tools to Improve Delivery of Stimulus Payments.” Read the complete article HERE.

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