![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 NewsroomA Passion for Learning at Khan's Tutorial
January 21, 2017
![](/sites/default/files/styles/760x377/public/01.21.17_sen._jesse_hamilton_visit_to_khans_tutorial.png?itok=DTGSkD6P)
Advancing Sustainable Development with SUNY Leadership
January 20, 2017
![](/sites/default/files/styles/760x377/public/01.20.17_suny_and_sen._hamilton_talk_sustainable_development.png?itok=eH3AuoOR)
Equal justice under law Means Raise the Age in NY
January 19, 2017
![](/sites/default/files/styles/760x377/public/equal_justice_under_the_law_us_supreme_court_building.png?itok=e0v7ElpU)
#SpreadHarmony Hackathon
January 16, 2017
![](/sites/default/files/styles/760x377/public/01.16.17_sen._hamilton_mlk_hackathon_at_microsoft_january_16_2017.png?itok=uXL12lRv)