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With specific instances, such as the NYDFS' probe into Lending Club, indicating that regulatory scrutiny of U.S. fintech is increasing, the FT provides an overview of how multiple agencies are being deployed to keep up with fintech firms, and how companies are responding with unified lobbying efforts.
The Obama administration’s efforts, which include the Treasury and Commerce departments, are being co-ordinated by Adrienne Harris, a special assistant to President Barack Obama on the White House’s National Economic Council. The top US bank regulators — the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — are also stepping up their fintech work, as is the Consumer Financial Protection Bureau, a watchdog set up after the last financial crisis.
https://next.ft.com/content/c18de19a-22bb-11e6-aa98-db1e01fabc0c
