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.

Hinshaw & Culbertson LLP is a U.S. based law firm with offices nationwide. The firm's national reputation spans the insurance industry, the financial services sector, and other highly regulated industries. Hinshaw also serves as counsel to the professional services sector, and provides business advisory and transactional services to clients of all sizes.