At the Financial Solutions Lab event on the eve of Money 20/20, we chatted with a number of entrepreneurs, investors, and key influencers about what they were hoping to see. There was tremendous excitement about new technologies—ranging from innovations in artificial intelligence to low-cost disintermediation of traditional banking services. We also talked about Rich Cordray’s comments and the wide-ranging effects that the CFPB’s position will have on the industry. It was a fantastic, lively event, so we apologize for all of the background noise
Tom Brown expounds upon the CFPB announcement and what it might mean for fintech startups in particular.