The Consumer Financial Protection Bureau (CFPB) has an important role of protecting consumers’ interests in the financial sector. As such, the Bureau is responsible for regulating in a manner that does not harm consumers or businesses. This makes the Bureau a powerful institution with regulatory reach across a wide range of economic issues and, as a consequence, […]
fintech
The Economic Standard: Fintech Faces Regulatory Peril
Over the past decade, the way Americans accessed capital has changed dramatically. Whereas previous generations relied on financing from high-street banks, today’s young adults and unbanked consumers are more likely to use fintech companies, mostly accessible through their smartphones. Despite the significant change and democratization of consumer finance, the Consumer Finance Protection Bureau (CFPB) has […]
The Gig Economy Relies on Fintech Options
Right now, more than one in three U.S. workers are engaged in some kind of freelancing or project-based work, either as a primary or secondary job. By 2020, half of the U.S. workers will be freelancers, if the trend continues to grow at its current pace. For the millions of workers in this gig economy, […]