Senate Banking Committee Chair Tim Scott tackles Hagerty’s GENIUS stablecoin legislation despite … [+] Senator Elizabeth Warren’s pushback. CQ-Roll Call, Inc via Getty Images The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) took a major step toward becoming law after passing the Senate Banking Committee in a bipartisan 18-6 vote. Sponsored
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures in student and auto loan servicing, deceptive and abusive debt collection practices, and complaints centered on credit cards offered by dental and medical
Thanks to investments from leading Chinese companies, including Contemporary Amperex Technology Limited (CATL) and BYD, Hungary is becoming a manufacturing hub for electric vehicles (EVs) and lithium batteries in central and eastern Europe. China has become the number one source of foreign investments there. Businesspeople and government officials I spoke to believe EV manufacturing’s contribution