October 21, 2019 – Today U.S. Rep. Patrick McHenry introduced the Financial Services Innovation Act of 2019, which seeks to improve regulatory coordination among federal financial services regulators and promote new entrants.

The following statement can be attributed to Brian Peters, Executive Director of Financial Innovation Now:

“Financial Innovation Now applauds Congressman McHenry’s introduction of the Financial Services Innovation Act of 2019, aimed at promoting innovation and competition in financial services.  Enhancing federal regulatory coordination is helpful as technology and innovation continue to re-shape the evolving financial services landscape.  Technology companies are bringing competitive financial products to market, and greater coordination among federal agencies is positive.  FIN looks forward to working with Congressman McHenry and his colleagues on this effort.”

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