Hearing Entitled: Delivering for American Consumers: A Review of FinTech Innovations and Regulations

House Committee on Financial Services — Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence · January 13, 2026

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Call to order and opening

14:08 → 17:17(3m 9s)

Subcommittee convened; chair authorized to recess. Hearing titled 'Delivering for American consumers: a review of fintech innovations and regulations.' Chair outlines benefits of fintech (payments, earned wage access) and calls for activity‑focused, risk‑based regulation that preserves consumer protections.

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A House Financial Services subcommittee hearing examined fintech innovations—especially earned wage access and buy now, pay later—debating whether EWA is credit, the need for uniform federal rules, AI accountability, and the CFPB's enforcement role. Witnesses from industry and consumer groups gave competing views on consumer protections and regulatory approaches.

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Transcript

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