Reported 25 days ago
In a notable shift since Donald Trump's election, major fintech firms are experiencing increased engagement with lawmakers and regulators in Washington. Lobbying activities have intensified, with discussions focusing on the relationship between fintechs and traditional banks, as well as the controversial 'open banking' rule originating from the Biden era. Despite past challenges, there is optimism in the fintech sector regarding potential regulatory changes that could foster growth and innovation, although concerns over consumer safety and the rapid pace of policy changes remain.
Source: YAHOO