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Fintech funding image
Conference of State Bank Supervisors CEO and President John Ryan called for the elimination of obstacles hampering fintech lenders. So reports Forbes.
One particular barrier is the state laws mandating lenders have a “brick and mortar” location in states they wish to operate in, a report presented by Ryan points out. Another roadblock is the requirements that disclosures fit specific font type and size, which creates issues when the disclosures are viewed on mobile devices.