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Bankers, fintech entrepreneurs, regulators and other financial services players gathered in New Orleans last week to discuss the future of the industry at American Banker's Digital Banking 2016 conference. Here are some of the highlights of the conference. For more, check out the hashtag #digibank16 on Twitter.
Legal Gray Areas
"We openly encourage innovators to meet with us, but they may not always get the firmest answer you want," said Gary Stein, Deposit Markets Program Manager at the Consumer Financial Protection Bureau, noting that many of the agency's staff members are lawyers. He added that it's "hard to write a rule that anticipates every future out there."