Member Login | Become a Member
Innovative Payments Association
  • Events & News
    • Calendar
    • Newsroom
    • Fall Semester
    • Member Directory
    • Blog
    • Podcast
    • Summer Of Learning
    • Fintech Elevator
  • Membership
    • Member List
    • Membership Application
    • Member Login
  • Resources
    • FCTF
    • GRWG
    • Government Update
    • Safe Shopping
    • State Legislative Tracker
    • Financial Crimes Investigators
    • Prepaid Glossary
  • Payroll Cards
  • About Us
    • Our Team
    • Board of Directors
    • Advocacy >
      • CFPB
      • Covid-19 Response
      • Durbin Amendment
      • FDIC & OCC
      • Prepaid Rule Litigation
      • Unclaimed Property
    • Sponsorship
    • Contact
    • Media Inquiry
  • IPC 2021
    • Attendee Portal
    • Agenda
    • IPA Awards
    • FAQ
    • Payments 101 Certificate Workshops
    • Sponsorship Opportunities
  • Events & News
    • Calendar
    • Newsroom
    • Fall Semester
    • Member Directory
    • Blog
    • Podcast
    • Summer Of Learning
    • Fintech Elevator
  • Membership
    • Member List
    • Membership Application
    • Member Login
  • Resources
    • FCTF
    • GRWG
    • Government Update
    • Safe Shopping
    • State Legislative Tracker
    • Financial Crimes Investigators
    • Prepaid Glossary
  • Payroll Cards
  • About Us
    • Our Team
    • Board of Directors
    • Advocacy >
      • CFPB
      • Covid-19 Response
      • Durbin Amendment
      • FDIC & OCC
      • Prepaid Rule Litigation
      • Unclaimed Property
    • Sponsorship
    • Contact
    • Media Inquiry
  • IPC 2021
    • Attendee Portal
    • Agenda
    • IPA Awards
    • FAQ
    • Payments 101 Certificate Workshops
    • Sponsorship Opportunities

Hope for Bipartisanship in Financial Services?

4/9/2019

0 Comments

 

In a divided Congress, one area that might lend itself to bipartisan is financial services, Congressman French Hill (R-AR) said in a speech at the Innovative Payments Association’s Power of prepaid Conference in Washington DC on Tuesday.

He said that in the House Financial Services Committee there is consensus between Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) that fintech should be a priority for the Committee. He recommended that the attendees read the Department of Treasury’s Fintech report, which was released last you. You can find a summary and a link to the full report here.

Mr. Hill said that as incumbents and fintechs reshape the payments landscape, Congress needs to focus on a number of issues including

  • Data aggregation and consumer use of third-party apps;
  • Data privacy and breach notification;
  • Developing a faster payments system.

The United States needs to develop a solution for real time settlement in order to remain competitive in financial services, he said.

Mr. Hill said that Congress plans to invite the federal regulatory agencies to the hill to learn about their approaches. He suggested there is a need to streamline compliance, and he invited the industry to give feedback to Congress.

All of this work needs to aim towards a singular end, he said.

“The ultimate beneficiary of this should be the American consumer,” Mr. Hill said.

0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018

    Categories

    All
    Member Profiles
    Podcast
    Power Of Prepaid
    Prepaid
    Small Business
    Webinar

    RSS Feed

Home

IPA Quick Links
​About

Blog​
​Events
Podcast
IPC 2021
Call for Speakers
​Sponsorship
FAQs

Certificate Workshop
Contact Us
© COPYRIGHT 2020. ALL RIGHTS RESERVED.