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