It’s been a busy week for players in the fast-evolving financial technology space. As federal and state regulators grapple with how to apply the traditional rules of banking and finance to this emerging high-tech industry, the only certainty is change. Here are some of the latest developments:
New Lab Boss
The U.S. Commodity Futures Trading Commission announced that Daniel Gorfine will lead LabCFTC, the commission’s fintech initiative that was established in May. The plan will give fintechs greater access to the commission—encouraging them to ask regulatory questions and offer feedback as to which regulations they find the most prohibitive.
