WASHINGTON, D.C. – Today, U.S. Rep. Blaine Luetkemeyer (MO-03), Chairman of the Financial Institutions and Consumer Credit Subcommittee, issued the following statement after the hearing entitled “Examining Opportunities and Challenges in the Financial Technology (“Fintech”) Marketplace.”

“From online lending and payment companies to blockchain and cryptocurrencies, advances in financial technology are changing the way financial markets work and how consumers access credit.  With greater understanding of Fintech’s capabilities, the Financial Services Committee and Congress can better create an environment that fosters certainty and responsible innovation while maintaining consumer protections.”