A Look at the Consumer Financial Products Offered by Fintechs and the Regulatory Issues They Raise, with Special Guests Penny Lee, Financial Technology Association (FTA), and Gerron Levi, American Fintech Council (AFC)
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We begin with a discussion of the goals and themes of FTA\\u2019s recent summit and AFC\\u2019s advocacy regarding retention of the strategic plan option under the Community Reinvestment Act. We then discuss consumer benefits of buy-now-pay-later (BNPL) and regulatory concerns raised by the CFPB in its BNPL report, state level regulatory issues facing fintechs, the Treasury\\u2019s report on bank/fintech relationships and takeaways for fintechs, consumer benefits of earned wage access products and artificial intelligence and regulatory concerns raised by the CFPB, and reactions to the CFPB\\u2019s Section 1033 rulemaking.
Alan Kaplinsky, Senior Counsel in Ballard Spahr\\u2019s Consumer Financial Services Group, leads the discussion.
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