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March 13, 2024 | Part Of Hearing on Regulating Payment Apps & Digital Wallets

Hearing on Regulating Payment Apps and Digital Wallets, Part 2

Financial technology stakeholders debated the Consumer Financial Protection Bureau’s (CFPB) proposed rule to regulate payment apps and digit… read more

Financial technology stakeholders debated the Consumer Financial Protection Bureau’s (CFPB) proposed rule to regulate payment apps and digital wallets. Proponents of the rule argued big tech companies acted as unregulated banks and the rule was necessary to protect consumers. However, opponents suggested the rule was too broad, didn’t clearly define markets, and could limit competition. Additional topics included consumer fraud and data protection. The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion hosted this hearing. close

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Brian Johnson Managing Director Patomak Global Partners
Wiley Nickel U.S. Representative [D] North Carolina

Christopher Odinet Professor University of Iowa->Law
Jack Solowey Analyst Cato Institute->Financial Technology Policy
Byron Donalds U.S. Representative [R] Florida
Mike Flood U.S. Representative [R] Nebraska
Bill Foster U.S. Representative [D] Illinois
Bryan Steil U.S. Representative [R] Wisconsin
William Timmons IV U.S. Representative [R] South Carolina

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House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion

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Hearing on Regulating Payment Apps & Digital Wallets

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Program ID:: 534210-2
Category:: House Committee
Format:: House Committee
Location:: 2128, Rayburn House Office Building, Washington, District of Columbia, United States
First Aired:: Mar 13, 2024 | 10:23pm EDT | C-SPAN 1
Last Aired:: Mar 14, 2024 | 3:26am EDT | C-SPAN 1

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Mar 13, 2024 | 4:28pm EDT | C-SPAN RADIO
Mar 13, 2024 | 10:23pm EDT | C-SPAN 1
Mar 14, 2024 | 3:26am EDT | C-SPAN 1

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