U.S. Representative Emanuel Cleaver II (D-MO) has published the preliminary findings of his investigation into the alternative small business lending market in an effort to probe whether algorithms used by FinTechs are able to adequately protect against discrimination. At the heart of the investigation is...
A Democrat has some serious advice for Congress when it comes to FinTech. “If we fail to act on FinTech, we are setting ourselves up for problems down the road,” Rep. Emanuel Cleaver, D-Mo., said in a recent interview reported by American Banker. “Not because...
January 04, 2018
A Democrat has some serious advice for Congress when it comes to FinTech. “If we fail to act on FinTech, we are setting ourselves up for problems down the road,” Rep. Emanuel Cleaver, D-Mo., said in a recent interview reported by American Banker. “Not because the FinTech folks are evil … but because we are […]
