Why Fintech Companies Want To Be Regulated By The CFPB

Why Fintech Companies Want to be Regulated by the CFPB

It’s unusual to see an industry making a formal request to be regulated, but that’s exactly what fintech data aggregators are asking of the Consumer Financial Protection Bureau (CFPB).  Companies like Plaid and Robinhood have reasoned that more oversight by the CFPB comes with access to more consumer data–which in turn would allow fintech companies…

Max Totsky

Max Totsky is journalist based in Chicago. His writing can be found at Inc.com, PopMatters, and ADCG.org.

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