House Votes to Modernize Bank Oversight and Kill the Penny

A bill that would require financial regulators to assess their technological capabilities and identify ways to make examinations more efficient, effective and responsive was passed by the U.S. House of Representatives this week, the House Financial Services Committee said in a Thursday (Sept. The bill, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act ( FUTURES Act ; H.R.