![Senator Headshot](/sites/default/files/styles/4_3_small/public/%2801-07-15%29%20Hamilton-HS-0025rt.jpg?itok=exBKFcWb)
Upholding Safeguards & Legitimate Opportunities in Financial Services Innovation
Jesse Hamilton
May 22, 2017
-
ISSUE:
- Banks
- Fintech
- financial services
![](/sites/default/files/styles/760x377/public/article/main-image/joint_hearing_on_online_lending_industry_may_22nd_2017.jpg?itok=j8-MgK_-)
A flourishing financial services sector is one that successfully meets the multiplicity of needs of New York households and businesses. Whether buying a first home, starting and growing a small business, or saving for retirement, New Yorkers benefit from a dynamic and innovate financial services sector. At the same time, as policymakers, we need to be sure that innovation does not come at the expense of consumer protection, or at the cost of sound, stable institutions. Hearing from regulators, industry professionals, advocates, and experts all contributes to ensuring that laws and regulations keep pace with fast moving developments, fintech, and new products and services. No doubt, there are tremendous opportunities to further economic inclusion and expand access to tools that will help New Yorkers reach their goals. This hearing serves as one step towards realizing those opportunities without sacrificing the safeguards we all depend upon.
Share this Article or Press Release
Newsroom
Go to NewsroomMeeting Leadership of Brooklyn Children's Museum
March 11, 2016
![Senator Jesse Hamilton and Senator Velmanette Montgomery meet Brooklyn Children's Museum Leadership (March 11, 2016)](/sites/default/files/styles/760x377/public/senator_jesse_hamilton_and_senator_velmanette_montgomery_meet_brooklyn_childrens_museum_president_and_board_members_march_11_2016.png?itok=htld2-T6)
Demand Respect for Tenants' Rights
March 10, 2016
![Senator Jesse Hamilton Stands with Crown Heights Tenants Union demanding safe living conditions, respect for tenants, and transparency from landlords (March 10, 2016)](/sites/default/files/styles/760x377/public/senator_jesse_hamilton_stands_with_chtu_march_10_2016.jpg?itok=W6qpwJB4)
Serving You is What We Do!
March 9, 2016
![Senator Hamilton staffers Elisa Helligar and Lisa Nelson at the Senior Mobile Office at the Seth Low Senior Center, March 9, 2016](/sites/default/files/styles/760x377/public/sen._hamilton_staff_at_senior_mobile_office_seth_low_senior_center.png?itok=UG8cLk6Z)
Honoring International Women's Day
March 8, 2016
![Senator Jesse Hamilton delivers remarks on International Women's Day](/sites/default/files/styles/760x377/public/senator_hamilton_delivers_remarks_on_international_womens_day_2016_03.08.16.png?itok=geSVTfaz)