Opposition to H.R. 7440 (McHenry) Financial Services Innovation Act of 2023
NCLC opposes the Financial Services Innovation Act of 2023, which would create regulatory “sandboxes” for companies that would force agencies to shirk their statutory duties to enforce the law and protect consumers and instead prioritize allowing risky and unproven products into the marketplace before they have been fully evaluated to ensure that they comply with…
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