To promote financial technology, Trump administration proposes streamlining regulations
by Jim Puzzanghera, Los Angeles Times
Jul 31, 2018
3 minutes
WASHINGTON - A Treasury Department report released Tuesday calls for regulatory changes to advance new financial technology companies and services, known in the industry as fintech.
Some of the recommendations are controversial, including endorsing the ability of fintech firms to operate nationwide and urging Congress to develop national rules for data security and data breach notifications. Both moves would preempt tough regulations in California and other states.
In addition, the long-awaited Treasury report
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