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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On September 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on artificial intelligence (AI) in financial services. In his opening statement, Chair Sherrod Brown (D-OH) alleged that AI could cause significant changes in our financial system. For more information, click here. On September 19, the U.S.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here. Dollar (USD) LIBOR after June 30.