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Industry Will Not Face Censure Over Non-Binding Guidance, Insist U.S. Regulators

Loeb & Loeb partner Stephen Aschettino is quoted on the struggle regulators are facing as they try to keep pace with changes in the FinTech market. This article discusses concerns of U.S. financial watchdogs that agencies use non-binding rules to fuel enforcement action, downplaying the legal weight of supervisory guidance they issue.

Click here to read the article on Payments Compliance’s website.