Hinshaw's Vaishali Rao Anticipates Bigger role for New-Look CFPB in Fintech Regulation

February 21, 2018

Hinshaw's Vaishali Rao was featured in the article "New-Look CFPB Could Herald New Dawn for Fintechs," published by Payments Compliance, which reviewed the potential role a new-look CFPB might play in fintech regulation, following the release of the agency's strategic plan for 2018–2022. Rao anticipates that the CFPB could be more open to modernizing rules to accommodate the fintech industry. "The director seems to be open to the concept of understanding that some of the things that were written previously are not up-to-date and there needs to be modernization of the way we are looking at financial transactions," she said.

Read "New-Look CFPB Could Herald New Dawn for Fintechs," on the Payments Compliance website (subscription required)

Hinshaw & Culbertson LLP is a U.S. based law firm with offices in 11 states and London. The firm's national reputation spans the insurance industry, the professional services sector—including representation of law firms and lawyers—and other highly regulated industries, such as banking and finance and the debt collection sector. Hinshaw also provides a series of closely coordinated litigation, business advisory and transactional services to clients of all sizes as well as governmental and public sector entities.