Congressional Representatives Express Concern Regarding FDIC’s Regulation of FinTech Firms and Financial Innovation
CFPB Monitor
FEBRUARY 12, 2024
On February 2, 2024, three Republican members of the House Financial Services Committee sent a letter to Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg expressing concern regarding what the congressmen perceive to be the FDIC’s attempts to reduce engagement with industry participants on financial technology and innovation.
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