Description: A nonprofit, nonpartisan think tank, the Milken Institute believes in the power of capital markets to solve urgent social and economic challenges and improve lives. Our mission is to improve lives...
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By Jackson Mueller
Our recent Center for Financial Markets whitepaper, “ FinTech: Building a 21st-Century Regulator’s Toolkit ,” argued that policymakers should explore alternative regulatory tools, processes and approaches to facilitate responsible FinTech development. As if on cue, federal and state regulators recently announced that they are exploring such approaches in regulating FinTech and are rethinking regulatory rules and frameworks created many decades ago. A properly tailored approach to regulating FinTech can fulf