The Confusing State of Federal Fintech Regulation
While several government agencies have recently come out with new initiatives for the regulation of fintech companies it is still not clear who is taking the lead here. The OCC, CFPB, CFTC and FDIC have made claims to be a fintech regulator and of course the states want their own say. The recent US Treasury report has tried to make things more clear by hinting that the OCC should take the lead. But we are still waiting clarity. Source.