So what is it . At the moment, yourFinancial Data is held by your bank. But, under new rules, ownership of this data will be transferred to the consumer. This will allow you to share it with other companies, to see if they can give you a better deal on anything from overdrafts to mortgages and loans to insurance. Open banking has already been welcomed by some consumer groups as a way to bring more competition into the market. Others, though, are uneasy about what might happen to all this previously private Financial Data. They worry about security, and dealing with unknown third parties. It could also pose a major threat to traditional banking. One report claims almost a third of european banks profits, some 35 billion a year, are at risk from new rivals in the Financial Technology or fintech sector. We spoke recently to the boss of one startup which uses Artificial Intelligence to help people manage their money. You can act via facebook messenger, and you just text like you a text a f
Subcommittee on health and subcommittee on Economic Opportunity on veteran homelessness. I want to apologize for being late. I had another obligation in my responsibility on the budget committee. My colleague, chair of the Health Subcommittee wont be able to make it so im going to preside. We have subcommittee brownlee and her capable leadership and my friend from texas and Ranking Member on the subcommittee for Economic Opportunity is joining me as well. We have our chairman joining us so thank you, dr. Rowe, for coming. I want to begin by asking for unanimous consent for congressman mike kaufman, congressman scott peters and i guess thats it, to sit in on the dais and participate in todays hearing. I dont hear any objection. So ordered. Im going to cut through my remarks here and break from my customary reading of script and just say that this is a subject that is heartbreaking. And when you look at the statistics on veterans homelessness and the underlying issues that our veterans s
Jump off at vine or 30th street and work around until 5 00 oclock. Roosevelt boulevard looking good out of northeast philadelphia in problems toward schuylkill expressway and hello to the shader, maple shade, new jersey checking in with this delays. Live look at route 73 and fellowship road. For guys in delaware heading for delaware Memorial Bridgette looks hazy, foggy but that could have some to do with the rain on the way. Mass transit off to a good start. Lauren and karen, back to you. We will begin with break ing news. Unfortunately tragedy, someone died in the fernrock section of the city a 19 yearold man has died after being shot this happened outside a septa depot at broad and olney. About 12 30 this morning. Victim who lives in the neighborhood was raced over to the hospital, in extremely critical condition. The victims 19 years of age, he is shot multiple times in his chest, torso and back, presently in extremely critical condition, it is unknown whether or not he will survive
Subcommittee on Economic Opportunity oversight hearing on veteran homelessness. I want to apologize first for being a little late. I had another obligation in my responsibility on the budget committee. And my breathe brad winstrup, chair of the Health Subcommittee will not be able to make it and so im going to preside. We have the vha subcommittee chair Julie Brownley and her capable leadership. Thanks for being here. Then my friend from texas and Ranking Member of the subcommittee for Economic Opportunity, orourke is joining me as well. Our chairman is joining us. Thank you, dr. Rowe, for coming, i want to begin by also asking for unanimous consent for congressman mike kauffman, congressman scott peters and i guess thats it to set in on the dais and participate in todays hearing. I dont hear any objection. So ordered. Im going to cut through my remarks here and break from my customary reading a script and just say that this is a subject that is heartbreaking. And when you look at the
Subcommitt subcommittee. Represents from advocacy and Veterans Service groups testified as well as officials with the departments of veterans affair, labor and housing and urban development. Subcommittee will come to order. Good morning, everyone. Thank you for being here. Its my pleasure to welcome you to todays subcommittee, joint subcommittee on health and subcommittee on Economic Opportunity oversight hearing on veteran homelessness. Want to apologize first for being a little late. I had another obligation in my responsibility on the budget committee, and my colleague, brad wenstrupu chair of the health subcommittee, will not be able to make it, so im going to preside. We have the vha subcommittee chair Julie Brownley and her capable leadership. Thanks for being here. My friend from texas and Ranking Member on the subcommittee for Economic Opportunity is joining me as well. We have our chairman whos joining us. Thank you, dr. Roe, for coming. I want to begin also by asking for unan