Is New Really New? Financial Technology & Its Impact on Low-Income Families

Read more in Consumer Protections, Access to Banking, Predatory Lending

Resource Overview

Financial technology, or fintech, is changing the way that financial services are delivered. More people are turning to apps and online platforms to access banking services, payday loans, and money management services.

Our report, Is New Really New? Financial Technology & Its Impact on Low-Income Families explores the world of fintech and highlights a number of concerns, including hidden fees, data security, and more.

The report makes recommendations for how policymakers can address these concerns, including:

Opposing deregulatory initiatives, like “sandbox” proposals, that remove important consumer protections
Enforcing and, when necessary, strengthening existing laws

Download the full report to learn more.

Read more in Consumer Protections, Access to Banking, Predatory Lending