Tuesday, the Committee on Banking, Housing, and Urban Affairs will meet in an open session for a hearing titled “Examining the Fintech Landscape.”
Governor Lael Brainard, Member of the U.S. Federal Reserve’s Board of Governors, said in a speech at the Conference on Financial Innovation that Fintech puts financial change at consumers’ fingertips and gives consumers and small business more real-time control over their finances, but the potential risks and the regulatory environment are subjects that need to be looked into further.
“We should be attentive to the potential social benefits of these new technologies, prepared to make the necessary regulatory adjustments if their safety and integrity are proven and their potential benefits found to be in the public interest, and vigilant to ensure risks are well understood and managed,” Brainard said.
To see the live webcast, tune in at 10 a.m. EDT here.
Other Events in the Week Ahead:
Bright MLS Housing Update, Tuesday, 10:00 a.m. EDT
Freddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EDT.
Bank Reserve Settlement, Wednesday
Fed Balance Sheet, Thursday 4:30 p.m. EDT
Consumer Sentiment, Friday 10:00 a.m. EDT