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Congress Turns its Attention to Fintech

On May 9th congresswoman Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, announced the creation of two task forces on Financial Technology and Artificial Intelligence. The committee, also known as the House Banking Committee, oversees the operation of the financial services industry and its regulatory agencies. The task forces were created to keep Congress well informed on the technological developments of the financial sector and to allow them to make educated decisions regarding policy and regulation. 

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