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House subcommittee zeroes in on FinTech industry
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Legislation
Tuesday, August 9, 2016
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With online marketplace lending, or FinTech or “peer-to-peer” lending, as it’s sometimes called, developing rapidly over the last decade, the House Committee on Financial Services’ Subcommittee on Financial Institutions and Consumer Credit on July 12 convened the first of several hearings to examine the growth potential of this already $5 trillion industry and what kind of regulatory regime would best serve it.
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