The varied landscape of financial technology is not easily defined, yet excitement and concern for “fintech” continues to attract the attention of both Congress and regulators, including the NCUA. In May 2019, Chairman Rodney Hood remarked to Congress that fintech is revolutionizing financial services, and the agency’s Fintech Working Group is working to identify ways federally insured credit unions can adopt and embrace fintech so they can effectively compete in the changing financial services industry.
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