Fintech: How can government promote the good and protect against the bad

Financial technology (fintech) offers the opportunity to provide financial services more efficiently, effectively, and inclusively to millions of American consumers, businesses, investors and borrowers. However, financial innovation can also produce products that harm consumers, misdirect savers and investors, inefficiently allocate capital, and harm borrowers and businesses. How well the regulatory regime can adapt to promote the benefits of Fintech while protecting against abuses will help determine how our economy grows and how businesses and consumers utilize financial services for years to come.

On February 8, the Center on Regulation and Markets hosted a conversation on these issues with Vice Chairman of the House Financial Services Committee Patrick T. McHenry, and Sen. Jeff Merkley, followed  by a panel of experts and regulators.