Critics Blast CFPB's 'One-Size-Fits-All' Approach to Digital Payments Oversight
James Kim, a partner in Troutman Pepper's Fintech Industry Group, was quoted in the March 13, 2024 PYMNTS article, " Critics Blast CFPB's 'One-Size-Fits-All' Approach to Digital Payments Oversight."
James Kim, partner and head of the Fintech Industry Group at Troutman Pepper Hamilton Sanders LLP, said in testimony that many of the firms in the midst of the digital payments market are already partnering with financial institutions that would be covered under the proposed rule — are already subject to examinations by the CFPB or the banks' prudential regulators.