Loosely Regulated Fintech Companies Pose Risks to Credit Unions, CEO Tells House Panel

The House Consumer Protection and Financial Institutions Subcommittee held a hearing on trends in institutional charters that highlighted the different views on proper regulation of fintech companies and how the current regulatory arrangements may be becoming disadvantageous to credit unions. Carlos Pacheco, CEO of Premier Members Credit Union in Boulder, Colo., gave a credit union’s perspective to the legislators.

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Loosely Regulated Fintech Companies Pose Risks to Credit Unions, CEO Tells House Panel

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