💰Executive Order to Strengthen U.S. Digital Financial Leadership
Executive Order 14178 emphasizes the importance of digital assets and blockchain technology in fostering innovation and economic growth. It outlines policies to protect economic liberty while promoting responsible industry growth. The order establishes a Working Group to recommend a regulatory framework, aiming for open access to blockchain networks and prohibiting Central Bank Digital Currencies, thus shaping the future of digital finance in the U.S.
Learn More🔍CFPB Seeks Comments on Consumer Financial Data Collection Practices
The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public to better understand how companies that offer or provide consumer financial products or services collect, use, share, and protect consumers' personal financial data, such as data harvested from consumer payments. The submissions in response to this request for information will serve to assist the CFPB and policymakers in further understanding the current state of the business practices at these companies and the concerns of consumers as the CFPB exercises its enforcement, supervision, regulatory, and other authorities.
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