After Elon says Twitter will Process Payments, Senate Banking Committee (Re)introduces Bill to Close ‘Shadow Banking’ Loophole

CNBC | Chelsey Cox | Dec 6, 2022 Senate Banking Committee Chairman Sherrod Brown will introduce a bill Tuesday that aims to close the so-called shadow banking loophole that allows retail and tech companies to offer banking services without the same stringent oversight as other financial institutions. The Close the Shadow Banking Loophole Act comes

The post After Elon says Twitter will Process Payments, Senate Banking Committee (Re)introduces Bill to Close ‘Shadow Banking’ Loophole first appeared on National Crowdfunding & Fintech Association of Canada.