U.S. Treasury Official Previews Report on FinTech Regulation
By Eric A. Love
According to press reports, Craig Phillips, Counselor to the Secretary of the U.S. Department of the Treasury (Treasury), recently delivered remarks at a conference held by the Institute of International Bankers in which he previewed the upcoming Treasury report about possible reforms to the laws and regulations that apply to non-bank financial institutions and FinTech companies. It will be the fourth and final report that Treasury is required by Executive Order 13772 to release about ways to reform the U.S. financial system, consistent with the Trump Administration’s principles of regulation.