In a recent op-ed published in the Wall Street Journal, Jeb Hensarling, a former Chairman of the US House Financial Services Committee, criticized what he sees as the US Federal Deposit Insurance Corporation's (FDIC) efforts to "expand its authority to target banks that work with financial-technology companies."
Financial Technology (FinTech) companies are at the forefront of innovation in the financial services sector. "Yet Washington bureaucrats typically don't welcome innovators, whose companies threaten their power," Hensarling argued.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.