Lawmakers struggle to find right balance on fintech policy

Lawmakers struggle to find right balance on fintech policy

January 30, 2018, American Banker

Andrew Smith testified before the House of Representatives Subcommittee on Financial Institutions and Consumer Credit and is quoted in an American Banker article regarding fintech policy. According to Smith, “Conservatively, it would take two years and a couple million dollars to get to license and build a platform through the state-by-state licensing system.”