House Energy and Commerce Committee to Hold Hearing June 8 on Fintech Options for Consumers
On June 8, the House Energy and Commerce Committee’s Digital Commerce and Consumer Protection Subcommittee will hold a hearing as part of its “Disrupter Series.” In a press release issued June 1, the hearing, Improving Consumer’s Financial Options with FinTech, will discuss consumer needs and whether the fintech industry is offering financial products and services that meet these needs. “The FinTech industry has allowed the average American to have more control over their financial well-being while simultaneously promoting greater financial literacy. Next week’s hearing is an important opportunity for us to hear from companies on barriers they face in the market and learn how Congress can continue investing in its potential,” stated Committee Chairman, Rep. Bob Latta (R-Ohio). The hearing will begin at 10 a.m. in Room 2123 of the Rayburn House Office Building. Witnesses have not yet been announced.