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Legitimacy of Fintech Banking At Heart of Congressional Hearing

Friday, Apr 16 2021
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Congress brought together a team of legal experts to discuss fintech’s role in the banking industry; much of the conversation centered around what, if any, entity should be in charge of green lighting licenses. So reports The Block Crypto.

capitol 720677 640smallThe hearing featured law processors, the National Association of Federally-Insured Credit Unions as well as former U.S. Comptroller of the Currency Brian Brooks. The panel also discussed what services need to be offered for an entity to be considered a bank in the first place.

Read the full article from The Block Crypto.

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