Event Type: Seminar
As investments in the financial technology industry continue to rise, so too does regulatory interest in FinTech business models and other changes to consumer financial services generally. With FinTech companies and banks striving to deliver new services and experiences to consumers, do existing consumer protection regulations actually benefit consumers, or stifle innovation?
Join BPM and Reed Smith LLP for a keynote presentation and panel discussion exploring these issues. We invite Joseph Toms of FreedomPlus to share his perspective on whether existing consumer protection regulations actually benefit consumers and to what extent the regulatory framework stifles innovation or otherwise creates barriers to entry into the market, to the detriment of consumers.
The keynote will be followed by an interactive Q&A forum, featuring experts from the Consumer Financial Protection Bureau (CFPB), Center for Financial Services Innovation, LendingClub, Federal Trade Commission (FTC) and PayPal. Panelists will discuss different FinTech business models, benefits and risks to consumers, whether and how consumer regulations protect consumers and/or foster/impede innovation, and proposals for new regulatory approaches.