Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry. In the document titled “A Framework for Fintech,” which was published Sunday, the National Economic Council — an arm of the White House — laid out broad objectives and provided a series of recommendations to policymakers and regulators to foster the industry’s growth. “The United States remains the global leader in fintech as measured by total investments,” said the white paper. “However, the U.S. leadership position in fintech should not be taken for granted.” Read more: americanbanker.com
