Financial technology companies notched a few policy wins in 2019, including regulatory approval to use alternative data in loan underwriting and much-needed clarity on loan interest rates in bank-fintech partnerships.
Many other top-line fintech industry concerns remain unaddressed heading into 2020. Facebook will continue to push for adoption and approval of its Libra cryptocurrency while a number of fintech companies hope to gain charter approvals that would give them a foothold in traditional banking. The Federal Reserve, meanwhile, hopes to join the ranks of real-time payment providers.
Below are the top issues to watch in the year ahead:
Fintech Chartering ...
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