House Financial Services Task Force on Financial Technology to hold Nov. 21 hearing on the role of big data

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The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “Banking on Your Data: The Role of Big Data in Financial Services” on November 21, 2019. The Task Force is expected to explore, in part, a legal framework for big technology firms that have entered the financial marketplace.

The scheduled witnesses include:

  • Ms. Lauren Saunders, Associate Director, National Consumer Law Center
  • Dr. Seny Kamara, PhD., Associate Professor of Computer Science, Brown University and Chief Scientist, Aroki Systems
  • Dr. Christopher Gillard, PhD., Professor of English, Macomb Community College and Digital Pedagogy Lab Advisor
  • Mr. Don Cardinal, Managing Director, Financial Data Exchange (“FDX”)
  • Mr. Duane Pozza, Partner, Wiley Rein

Click here for the Committee Memorandum and proposed legislation.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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