Outside Publication
Fintech Industry Must Transform To Help Underserved Communities, Bloomberg Law
January 05, 2023The rapid growth of non-bank financial services requires careful regulation to balance competition with access, transparency, and privacy protection. In an article for Bloomberg Law, partner Robin Nunn considers alternative credit options that can mean the difference between financial well-being and hardship.
“A regulatory balancing act is integral. Improving the financial inclusion and health of underserved communities would benefit all, but if that comes at the expense of industry innovation, the progress will be undercut. If executed thoughtfully, fintechs could help close the racial wealth gap by providing underserved populations and communities with increased virtual access to banking,” writes Robin.
