Unlike ridesharing, the CFPB will shut down non-compliant fintech startups
Kathleen Utecht · 20VC: Why VC Is A Lifestyle Not A Job, Why You Must Do Post-mortems On Good and Bad Deals & Why Society Is On A Downgrade with Kathleen Utecht, Managing Partner @ Core Innovation Capital · Sep 13, 2017 · at 12:35
Kathleen Utecht, Managing Partner at Core Innovation Capital, explains why breaking regulatory rules in financial services is far riskier than in unregulated sectors.
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“And especially in these highly regulated industries like healthcare or financial services, you have to realize it's not the hotel industry. It's not the taxi lobby. Like the CFPB, the Consumer Finance Production Bureau, they'll shut you down.”
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