Tuesday, 13 October 2015

ABA Aims to Throw a Regulatory Blanket on Fintech

From Bank Innovation –

“The American Bankers Association today called for more regulation of financial startups.

In an interview on CNBC this morning, Rob Nichols, the new president and chief executive of the ABA, said there needs to be “a level playing field” between banks and fintech companies, and that more regulation of those fintech companies is the best way to achieve that.”

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