French Hill Archives

The votes are in for the 2025 FedScoop.

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Treasury Secretary Scott Bessent testifies before the Senate Committee on Banking, Housing, and Urban Affairs in the Dirksen Senate Office Building on Feb. 5, 2026 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)

Treasury pushing for ‘robust’ use of AI in banking, but in a ‘gradual’ way

Secretary Scott Bessent said there’s still “a great amount of learning to do” on AI during a pair of Hill appearances this week about FSOC’s annual report…

Feb 5, 2026 By Matt Bracken

The headquarters of the Securities and Exchange Commission is seen in Washington, D.C., on Jan. 28, 2021. (Photo by SAUL LOEB/AFP via Getty Images)

GOP lawmakers engaged with SEC watchdog on IT shop’s deletion of texts

House Financial Services Republicans have had “preliminary discussions” with the OIG regarding its report on erased messages from ex-Chair Gary Gensler’s phone.

Oct 7, 2025 By Matt Bracken

The Securities and Exchange Commission headquarters is seen on April 25, 2025 in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)

Lawmakers renew push for enforcement-free AI testing at financial agencies

Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.

Jul 30, 2025 By Matt Bracken