Over the past decade, consumers and businesses have significantly benefitted from fintech developments in the payments space, including peer-to-peer platforms, buy-now-pay-later services and other disruptors within the financial sector. The same qualities that often make these services so successful—convenience, speed, low cost and the actual or perceived removal of market intermediaries—also run the risk of attracting fraudsters, and fraudsters attract AGs. In this Legal Dive article, Siran Faulders and Keturah Taylor offer principles to help companies that provide or use payments fintech avoid regulatory scrutiny and costly investigation.
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