NAFCU maintains equal competition between the REGULATORY APPROACHES TO financial institutions and fintech companies, which are often impartial free organizations that reach consumers digitally. At the same time, we have sought to strengthen credit institutions with new resources and better service to the communities in which they live. Thus, there is sometimes a conflict between these expectations resulting from the merger of affiliated credit and fintech companies. To balance these expectations, NAFCU believes that regulators should not view fintech as a new type of investment, but should seek to regulate the code of conduct to ensure better service the new precepts are against the rules.

In letters to laws and congresses, NAFCU has always sought to emphasize the importance of the stadium. However, Fintech is a REGULATORY complex and profound thing – and a good understanding of the number of new companies they can do and the potential customers for integration. In this regard, NAFCU recommends that:

1. The Board of Examiners of Federal Institutions (FFIEC) shall establish a subcommittee to review the risks of decommissioned enterprises and to improve partnerships. New in the finance department.

2. The Committee shall report annually to Congress on its findings, including determining whether legislation should be amended to reduce speculation in connection with business events or plans. New science.

3. The Commission representative should describe the project process to ensure that new skills learning is available. In doing so, the subcommittee shall consider frequent financial and illegal incidents.

4. The representative of the Committee shall demonstrate best practices in effective advertising that reflect the boundaries of the different business units in the financial sector.


The different REGULATORY financial perspectives are not easy to explain. As a trap to cover Internet networks and integrated services and to make some money, “fintechige” everything: mobile phones, data services, writing algorithms, and credit unions. The system, to give a few examples. Although there is a growing interest in promoting ever-increasing electronic empowerment, there has never been a general conference or government meeting that day that, in folk practice, involves money or p. Any services or use of electronics provided by the program. Again, this or FinTech’s management plan may be published in the future. This is because fintech not only integrates deep technologies such as credit cards and electronic devices but also uses forms such as cryptocurrency and artificial intelligence. Thus, at an important stage, rules and regulations may take the form of cultural norms that change places in the express payment system, other information, and training services, even if there is agreement on the fintech standards themselves. In this area, it is important for credit union leaders to understand not only how fintech can change business practices, but also how to implement plans quickly.

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