The House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit, which is chaired by Rep. Shelley Moore Capito (R-WV), will be holding its second hearing today at 9:30 AM EST entitled "The Future of Money: Where Do Mobile Payments Fit In the Current Regulatory Structure?"
Appearing as witnesses before the subcommittee will be
James H. Freis Jr., Director, Financial Crimes Enforcement Network, Department of the Treasury; and Stephanie Martin, Associate General Counsel, Federal Reserve Board of Governors. The streaming video of the hearing is available here.
Back on March 22, 2012, the Subcommittee heard testimony from Richard Oliver, co-author of the Mobile Payments in the United States; Mapping out the Road Ahead, published by the Federal Reserve Bank of Atlanta; Troy Leach, Chief Technology Officer, PCI Security Standards Council; Ed McLaughlin, Chief Emerging Payments Officer, Global Products & Solutions, MasterCard Worldwide; Randy Vanderhoof, Executive Director, Smart Card Alliance; and Suzanne Martindale, Attorney, Consumers Union.