Little Enthusiasm for Federal Payments Charter at House Hearing

Also, hedge funds and private equity say SEC's Form PF rewrite doesn't go far enough; big banks ace Fed stress tests

Fintech and crypto companies, which have been lobbying for legislation that would establish a bespoke federal payments charter, got a chance to make their case to a House Financial Services panel today. The hearing, however, didn’t go as well as the upstarts might have hoped.

Senior members in both parties, from Maxine Waters to Andy Barr, were largely a…