LATEST: FinTech industry requires ‘additional oversight’ to protect consumers, says US Treasury

latest:-fintech-industry-requires-‘additional-oversight’-to-protect-consumers,-says-us-treasury


By Elizabeth Hearst for AMLi

The FinTech industry requires “additional oversight” to “close gaps, prevent abuses and protect consumers,” according to a new report published by the US Treasury Department. 

The report, released in consultation with the White House Competition Council, finds that FinTech firms are “adding significantly” to the numbers of business models competing in the finance markets. 

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