US lawmakers establish task forces to examine fintech and AI


The US House of Representatives financial services committee passed a resolution on May 9 to found task forces on fintech and artificial intelligence (AI).

The fintech task force will “examine the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech” and is chaired by Democratic representative Stephen Lynch.

It has highlighted fintech regulation and concerns surrounding data privacy as key issues, as well as the potential that new

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