MATH Briefing – 1st Quarter 2018: Moving Bipartisan FinTech Policy Forward

March 27, 2018

12:15pm - 1:15pm

MATH (Markets And The Hill) Briefing Series
Capitol Hill, Washington, D.C. 
By invitation only

Description

Advances in technology have the potential to drive greater financial inclusion, access to capital, and transparency.  To fully realize these benefits, a flexible regulatory and policy environment is needed to address innovations in the financial services sector while ensuring adequate protections remain in place.  The Milken Institute Center for Financial Markets’ new report, ‘Bipartisan Opportunities to Legislate U.S. FinTech in the 21st Century’, identifies six policy areas in which Congress can move forward in a bipartisan manner to bring clarity, consistency, and certainty to FinTech.  These areas are: ‘true lender’ and ‘valid when made’ litigation, mobile banking, cryptocurrencies, data standards, data reporting, and the use of alternative data to expand access to credit.  This briefing will explore these policies that support the responsible growth and development of tech-driven innovations capable of addressing persistent socio-economic challenges of our time.

Speakers

Melissa Koide is the CEO and Director of FinRegLab and a Senior Advisor at the Milken Institute’s Center for Financial Markets. Prior to establishing FinRegLab, Melissa served as the U.S. Treasury Department’s Deputy Assistant Secretary for Consumer Policy where she developed and executed the Treasury Department’s consumer policies.

Jackson Mueller is an Associate Director at the Milken Institute’s Center for Financial Markets, where he directs the Milken Institute’s FinTech program. Prior to joining the Institute, Mueller was an assistant vice president at the Securities Industry and Financial Markets Association (SIFMA), where he focused on a broad range of financial services-related policies.

Kathryn Petralia is the President and Co-Founder of Kabbage, a non-bank online lender that makes loans to small businesses. Before co-founding Kabbage, Kathryn spent nearly 15 years working with large and small companies focused on credit, payments and e-commerce. She also served as Vice President of Strategy for Revolution Money and was a corporate development executive with CompuCredit Corporation.

Mike Whalen is a Partner at Goodwin Proctor, where co-leads the firm’s FinTech Practice, a full-service practice counselling on the regulatory and transactional aspects of consumer and small business financial products and services. He advises both traditional and emerging financial institutions.

For questions, please contact Matthew Aleshire, Associate Director, Government Affairs at maleshire@milkeninstitute.org.