Fast Forwarding FinTech on Capitol Hill and Beyond

    View Author December 2019

    As House Financial Services Committee Chair Maxine Waters (D-CA) noted earlier this year:

    As new technologies emerge and the financial services industry puts those technologies to use, Congress must make sure that responsible innovation is encouraged, and that regulators and the law are adapting to the changing landscape to best protect consumers, investors, and small businesses.

    This article first briefly reviews the current legislative and regulatory landscape in the financial technology (FinTech); it then details ongoing efforts on Capitol Hill and in the states to ensure that the legal framework for FinTech is able to adapt to keep pace with developments in the industry.