Banking/Financial

Washington D.C. (June 14, 2024) | This week, Rep. Barry Loudermilk (GA-11) reintroduced the Financial Reporting Threshold Modernization Act (H.R. 8686) to raise the Currency Transaction Report (CTR) threshold from $10,000 to $60,000, and ensure it is periodically adjusted for inflation. Updating this threshold will reduce the compliance… Read more »

Washington D.C. (May 10, 2024) | Today, Rep. Barry Loudermilk (GA-11) released the following statement in response to both the Wall Street Journal investigation and independent report by Cleary Gottlieb regarding allegations of a toxic work culture and widespread misconduct at the Federal Deposit Insurance Corporation (FDIC):  “The findings in this week’s Wall Street… Read more »

Rep. Barry Loudermilk (R-Ga) issued the following statement after the Senate and House of Representatives passed his bill, the Building Up Independent Lives and Dreams (BUILD) Act: Read more »

President-elect will take office during a rapidly evolving fintech landscape that will see AI advancements in finance Read more »

"To cut down on data breaches and identity theft, a bipartisan group of House lawmakers is looking to overhaul personal digital identification for U.S. citizens. Read more »

Members of the House Committee on Financial Services and witnesses at a July 8 hearing weighed the public health benefits of digital contact tracing to mitigate the spread of COVID-19 against the data privacy concerns of access to personal information. Read more »

Thank you for your interest in my business email updates. Read more »

Facebook CEO Mark Zuckerberg on Wednesday fielded sharp criticism and tough questions about nearly all aspects of his company's business practices at a hearing about Facebook’s new cryptocurrency project Libra. Read more »

Rep. Barry Loudermilk (R-GA) issued the following statement after Rep. Patrick McHenry, Ranking Member of the House Financial Services Committee, appointed Rep. Loudermilk to be the Ranking Member on the committee’s Task Force on Artificial Intelligence: Read more »

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced the following changes to the committee’s Republican leadership team: Read more »